Wealthy investors rework portfolios amid sharp run-up in equities

Topics Investors | Equities | stock markets

Wealthy investors are reviewing their asset allocation after the sharp run-up in equities over the past two months, reallocating gains to either fixed income assets or residential real estate. “We have downgraded eq­uities from overweight to neutral since September. While the economic recovery has been better than expected, valuat­ions are rich and seem to have run ahead of fundamentals,” said Rohit Sarin, co-founder, Client Associates, a private wealth management firm. The benchmark BSE Sensex has gained 25 per cent since November and is up more than 90 p.....

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