The world’s wealthiest families put more money into private equity than in traditional asset classes like fixed income and stocks in 2021 as they sought to boost investment returns, an annual report by Swiss bank UBS (UBSG.S) shows.
Private equity posted stellar returns last year as trillions of dollars in pandemic-related stimulus prompted a record surge in deal-making.
In contrast, fixed income faced a torrid year as near-zero interest rates sapped its attractiveness as a safe haven during market turmoil.
A majority also were relying on active manager strategies rather than taking the passive route.
This report’s information was first seen on Reuters; to read more, click this link.