A recent study found that affluent investors like their mutual funds, but they’re also fond of alternative investments, too.
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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.