Yesterday, Merrill Lynch and Capgemini, published the 2005 World Wealth Report. It said that last year, high net worth investors (HNWIs), took a "hold and see" stance as interest rates began to rise and stock market returns moderated from the year before. HNWIs include all people whose assets amount to at least US$1 million. It also said that equities continued to represent the highest percentage of HNWI portfolio assets but were reduced slightly to 34% last year from 35% in 2003.
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