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June 9, 2014

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TIGER 21: PUBLIC EQUITIES ARE MEMBERS’ FAVORITEINVESTMENT STRATEGYKAROLINA KAMINSKA | NOVEMBER 5TH, 2013Public equities remain the preferred investment strategy for the fourth year in a row, according to a survey byTIGER 21, the peer learning network for high-net-worth individuals.Designed to highlight members’ most valued investments and managers, The Member Favorites Surveyindicated that 41% of respondents favor equity-themed investments, a 2% increase from 2012 and a full 10points above its level in 2011.According to respondents, the most popular public equity sectors are financials (22%), technology (20%),ETFs (19%), and consumer (12%).”The reason public equities continue to dominate equity allocations is because they are the most liquid andthe best way to gain exposure to equities (such as through ETFs of index funds),” said Michael Sonnenfeldt,founder and chairman of TIGER 21.17% of members chose private equity as a favored investment strategy this year, which is an increase fromlast year and continues a multi-year trend of increasing focus on private equity.”Altogether our members have over 40% of their assets in private equity. It is hard to imagine that theallocation could increase further, but even sustaining private equity at current levels would represent adramatic behavioral shift from TIGER 21‚Ä≤s earlier years,” Sonnenfeldt added.At 17%, hedge funds dropped by 2% from last year’s survey when it was alone in the number two spot, andit is a full five percentage points below its ranking in the 2011 survey.Real estate investments remained in the number four spot on the survey at 15%, an increase from 11% inthe 2012 survey.Fixed income received 7% of responses and remained in the fifth spot in category rankings. Cash, cashequivalents and commodities rounded out the bottom of the favored investments, receiving 2% and 1%respectively.The survey polled more than 200 members who collectively manage over $20bn in investable assets.