TIGER 21, a peer-to-peer learning network for high-net-worth investors in North America, has released its annual Member Favorites Survey showing that public equities, while still the most favored investment by a wide margin, lost ground to private equity and real estate over the past year.<\/p>\n
The survey of TIGER 21’s more than 290 members, who collectively manage approximately US$30 billion in investable assets, is designed to highlight members’ most preferred investments and managers.<\/p>\n
Public equities were named by 35% of members as a favorite investment, a decrease of six percentage points from a year ago. The most common public equity investment was individual stock purchases at 43%, a seven percentage point decrease from 2013 and a full 14 points below 2012. ETFs, at 25%, gained four percentage points from last year, followed by mutual funds\/long only funds at 17% and hedge funds at 14%.<\/p>\n
The most popular equity sectors according to respondents were financials at 27% followed by consumer discretionary and energy, both at 16%. The next most popular sectors were technology at 13% and health care at 11%.<\/p>\n
Apple Inc. (Nasdaq:AAPL<\/a>) and Berkshire Hathaway Inc. (NYSE:BRK.A<\/a>) again swapped spots for favorite single stock pick with Apple reclaiming the top position and Berkshire at number two. The next three favorite equity picks were SPDR S&P 500 ETF, Health Care SPDR ETF, and iShares MSCI Emerging Markets ETF.<\/p>\n