Tuesday, March 13, 2007

Wealthy investors brave markets

Wealthy investors faced the recent market turmoil with restraint, private bankers said, with hardly any panic sell-offs seen and some millionaires already looking to buy cheap.

Wealth managers -- who sit on client assets of more than $30 trillion (15 trillion pounds) worldwide -- say investors viewed stock markets as fundamentally sound despite the recent blip, leaving their portfolio allocations largely unchanged

Read more at Reuters UK

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