Ultra-affluent investors are increasing their exposure to alternative investments at the expense of the U.S. stock market, according to the Institute for Private Investors 13th annual Family Performance Tracking survey, released Thursday.
In this year's survey, 48% of respondents reported plans to increase their allocation to commodities in 2012, while 45% said they would up their investment in real estate.
Continuing a trend from last year favoring international investment, 44% said they planned to increase their holdings in global equities. More than a third of respondents (36%) said they would decrease their cash holdings, contrary to conventional wisdom given the state of the U.S. market.
