HNWIs foresee bullish 2016
Saturday, 20 February 2016 12:24pm

The majority of high-net-worth investors intend to use more of their cash reserves in 2016, according to research by deVere Group.

The deVere research is based on a survey of 767 investors worldwide with investable assets of more than $2 million; of this group, 76% said they intended to invest more in the first six months of 2016.

This suggests that despite bearish sentiment in the market - exemplified by RBS research chief Andrew Roberts telling RBS clients to "sell everything except high quality bonds" - HNWIs are still looking to expand and diversify their portfolios.

"The results of this poll clearly show high-net-worth individuals now have a strong appetite to use the cash that they have held in reserve to top up and diversify their investment portfolios," said deVere Group chief executive Nigel Green.

"The survey overwhelmingly demonstrates that they are aware of the opportunities to buy high quality equities at the prices they want to pay. They are seeing more favourable choices to boost their portfolios for the longer-term."

Green explained this by noting that it is a "sound investment strategy" to put cash into equities "whilst prices are relatively low."

"Capitalising like this on the attractive long-term performance of stock markets is a time-honoured way that investors can successfully build wealth," he concluded.

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