Research conducted by The Phoenix Company reported that 81% of affluent respondents said they owned at least one mutual fund outside of a retirement plan. And 74% said they hold an alternative investment, reports Rebecca Moore for Plan Adviser.
Real estate was the most popular alternative investment at 45%. ETFs came in at 30%, hedge funds around 25% and private equity funds at 20%.
The study also found that regardless of their investment category, affluent investors are almost evenly split about their plans: 49% of mutual fund owners and 52% of alternative investment owners indicated that they’ll invest at least the same amount in the coming year. The other half said they’d invest less.
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