NEW YORK, Sept 12 - Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank.
"Family offices are focused on high-quality companies in traditional industries, with positive cash flows," Hannes Hofmann, who runs the global family office group at Citi Private Bank, said in an interview.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wealthy families pile into bonds, private equity while shedding stocksWealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. The shifts were the largest since Citigroup began the study in 2020.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Wealthy families pile into bonds, private equity while shedding stocksBy Tatiana Bautzer NEW YORK (Reuters) - Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Stocks set up for gains amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks gain amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks jump amid hopes for soft landing, Tesla surges: Stock market news todayWall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »