W3Schools

The Tell: A group of superrich investors, spooked by China and potential ‘black swans,’ raises cash to levels not seen in years

The rich appear to be losing faith in this bull market.

The 750 members of Tiger 21, a coalition of investors with some $75 billion in assets, increased their cash holdings by 20% in the first quarter, bringing the group’s total allocation to levels not seen since the start of 2013. The move also marks Tiger 21’s first cash-raising effort in three years.

Here’s where Tiger 21’s allocation stands now:

The ongoing tariff tiff with China tops their long list of market concerns, along with an unsustainable budget deficit and the failure to make progress with North Korean relations. A bigger cash pile will also come in handy, they say, in the face of any other “black swan” events that could rattle stocks.

>>> Original Source <<<

Comentários