Affluent investors appear comfortable with their current holdings, says a report from TIGER 21, a learning group for high net worth investors in North America. The current report represents the investment exposure of US$19 billion in investable assets controlled by the group’s 200 members as of the end of the third quarter of 2012. The allocation structure for TIGER 21 members remained relatively static when compared with last quarter’s report. The only noticeable differences were a decrease in the allocation to hedge funds from eight per cent to seven per cent and an equal increase in the public equity allocation from 22 per cent to 23 per cent. All other categories remained unchanged. “The theme running through the ‘Third Quarter Asset Allocation Report’ echoes the sentiment I’ve heard from many HNW individuals,” says Thane Stenner, managing director and founding member of TIGER 21 Canada. “By and large, they’re comfortable with their current holdings. While they’re not finding a lot of screaming bargains out there, they don’t seem to be paying all that much attention to those who are predicting a stock market collapse either,” he says.
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