Wealthy Investors Shift Assets to Fixed Income and Private Equity, Cut Stock Exposure Amid Economic Uncertainty: Citi Survey

Wealthy families increased allocations to fixed income and private equity in H1 2022 while reducing stock exposure, per Citi Private Bank survey.
Over half of the 268 family offices surveyed, with $565B combined net worth, raised fixed income allocation.
38% increased private equity holdings, while 38% cut stock allocation - largest shifts since survey began in 2020.
Investors sought out private equity amid sluggish IPO market, but investments are more conservative now.
Biggest worries were inflation, rising interest rates and U.S.-China tensions.

reuters.com

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Posted 9/12/2023, 12:19:00 PM