HNW Investors Abandon Cash

Published 22 April 2024

The latest High-Net-Worth Individual Research shows that for Australia’s Rich (those with more than $1 million to invest outside their home and their super) – risk appears to be back on the table as they abandon their reserved cash position, choosing to hunt instead for growth and shunning income. In particular their new vehicle of choice are ETFs which are surging as the most recent investment made, providing both growth potential as well as diversification, which is coming at the cost of direct shares and managed funds.

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