“America’s getting grayer, and as that happens people move into more, I think, fixed income and probably less volatile types of securities,” Roseen said in the article.
U.S. stocks are nearing all-time highs and have more than doubled since the subprime meltdown, but many individual investors have missed the rally, according to a separate Reuters report.
“This is the most uncelebrated bull market in history,” said Tony Ferreira, managing director at Cogent Research. “In the old days, people would be jumping on the bandwagon, but nobody’s chasing equity performance this time. Many people are still scared to wade back into the water.”
iShares S&P 500 (NYSEArca: IVV)
