Tulip Press Release: Monday, 14th April
2008
HNW & Ultra HNW Sales of £70
Billion+ of Risk Investments Underpin the FTSE 100.
This new report from Tulip Financial Research[1], based on comparable surveys of the UK’s wealthiest investors in November 2007 and March 2008, reveals major recent changes in HNW and Ultra HNW investment behaviour. By November 2007 the run on Northern Rock had not impacted significantly on their investment activities – to HNW and Ultra HNW investors it was just one of those nasty blips that occur from time to time in financial markets. Close to 80% (Figure 1) had neither made nor planned any investment changes.
By March 2008, this changed dramatically. The 80% seeing no need for action had fallen to close to 50% - a conviction that investment changes were necessary was taking over. And this change was at its peak amongst the wealthiest of the wealthy, the Ultra HNWs with average liquid assets of around £7 million.
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