Looking ahead, millionaires have an optimistic outlook on the financial sector, with 23% of those surveyed anticipating the sector to see the greatest amount of their investment dollars this year, compared to 14% in October. Meanwhile, the well-off investors are expected to diminish tech exposure to 14% from 19%.
To get a sense of their allocations, Democratic millionaires project a 31% allocation to financials in 2015, whereas Republican investors anticipate a 16% tilt, or slightly ahead of the 15% weight in tech stocks for the remainder of the year.
The investment theme suggests that more wealthy investors are more value-oriented rather than growth-oriented at the moment. Wynn argues that affluent investors tend to tilt toward financials during periods of economic optimism. For instance, 49% of those surveyed expect the economy to be stronger by the end of the year, compared to 42% in October.
Additionally, historical data suggests that bank stocks could outperform in a rising rate environment ahead. [Uptick in Rates is a Boon for Bank ETFs]
For more information on the financials sector, visit our financial category.
Max Chen contributed to this article.