Equity Investors Will Be Fine If Biden Wins, UBS Says
- New spending would likely offset any corporate tax increases
- UBS urges investors not to make drastic portfolio moves
Joe Biden
Photographer: Drew Angerer/Getty Images
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With Joe Biden leading President Donald Trump in the polls, some investors are concerned the age of corporate tax cuts and deregulation may soon end, replaced by a Democratic administration eager to soak the rich.
Those fears are unfounded, according to UBS Group AG.