Affluent investors increasingly see alternatives as "core"

03/4/2014 | InvestmentNews (free registration)

About 60% of high-net-worth investors increased their exposure to alternative assets last year, and 25% say they plan to in the future, according to a survey by New York Life's MainStay Investments. A typical affluent investor has about 22% of assets in alternatives. Investors seem to be holding alternatives longer. "High-net-worth individuals look at these funds as complementary right now, but they are increasingly becoming core," says Matthew Leung, MainStay's head of channel marketing strategies.

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