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. Merrill Lynch and Capgemini, published the 2005 World Wealth Report today, which says that equities continued to represent the highest percentage of HNWI portfolio assets but were reduced slightly to 34% last year from 35% in 2003. HNWIs are people worth at least US$1 million.
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