TIGER 21’s Founder, Michael Sonnenfeldt, appeared on CNBC’s Power Lunch to discuss recent asset allocation trends based on TIGER 21 Members’ Quarterly Asset Allocation Survey. Key takeaways include:
o Private Equity (21% up from 10%)
o Real Estate (32% up from mid 20s)
o Public Equity (20% down from 26%)
o Cash at lowest level since Jan 2000
o Indexes and ETFs are two of the top five holdings, with 60% of the market being held by ETFs.
o Most TIGER 21 Members created wealth, sold a business and now are looking to invest over the long-term, not looking at daily or quarterly fluctuations.
o TIGER 21 Members are cautiously optimistic about the economy.