Cautious high-net-worth investors diversify assets
The annual World Wealth Report published by Merrill Lynch and Capgemini in June finds that worldwide high-net-worth wealth grew faster than expected during 2004. Despite last year's 8.2% growth, however, the report also finds that high-net-worth investors are more cautious with their investment and asset allocations – no doubt pleasing many structured product providers.
Last year was a period of stabilisation as investors recognised that the market might be levelling off, the report says. Rising
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