Tags: high net worth | mutual funds

Traditional mutual funds saw their highest weekly inflow since May in the week ending Feb. 8, and high net worth investors were at the head of the line.

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U.S. equity funds alone had their best week in nearly two years, according to the Investment Company Institute, following the stock market’s strong showing in January.

High net worth investors, those with investable assets of $5 million to $25 million, are major contributors. Three out of four own U.S. stock mutual funds with an average value of $768,000, according to Millionaire Corner.

About half of high net worth investors own international mutual funds, 43% own municipal bond mutual funds, and 37% own other U.S. bond mutual funds. One out of three own exchanged-traded funds.

High net worth investors value mutual funds because they address their top concerns, which are risk and diversification, according to research by Millionaire Corner. Mutual funds also offer some measure of liquidity as well as professional money management services.

Among millionaire investors, those with investable assets of $1 million to $5 million, mutual funds account for just 15% of their investable assets. Sixty percent own stock mutual funds, 32% own muni bond funds, 28% own U.S. bond mutual funds, and 34% own international mutual funds, while 19% own ETFs.

Among people with investable assets of $100,000 to $1 million, mutual funds make up 12% of their investments.

Comments (2)

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I would like to share this with an associate. What is the best way to do that? I am just able to copy the text but seems like there is no other option.

Janet , February 27, 2012

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Did you try clicking on the highlighted link ("high net worth advisors"? That will take you to the Millionnaire Corner article on the survey.

shiggins , February 28, 2012

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