High-net-worth investors in Tiger 21’s peer-to-peer learning network appeared to be sitting tight in the first quarter, leaving their asset allocations mostly unchanged, the organization reported Wednesday.
Members did decrease their quarter-over-quarter private equity allocation by one percentage point to 21%. And for the first time since 2013, they allocated to commodities, now 1% of their investment portfolios.
Members’ other first-quarter allocations:
- Real estate: 30%
- Public equities: 23%
- Cash and cash equivalents: 10%
- Fixed income: 9%
- Hedge funds: 5%
- Currencies: 0%
Tiger 21’s quarterly reports measure the aggregate asset allocation of its membership base on a trailing 12-month basis. The organization said this methodology tends to reveal substantive trends more clearly and is less affected by short-term distortions caused by growing membership.
The group comprises upward of 500 investors in North America and London who collectively manage some $51 billion in personal investable assets.
Several factors played into wealthy investors’ “wait-and-see” approach, according to the report.