Fidelity Investments surveyed customers with at least $250,000 in investable assets and the outcome was positive.
Survey results showed that more than three-quarters (77%) of high-net-worth investors expect to beat or match the market this year with approximately half (48%) feeling the stock market is appropriately valued and 17% feeling it is undervalued.
However, 70% of investors are concerned about the Federal Reserve reducing support for the bond market and, as a result, 88% of those investors are holding an average of 20% of their portfolio in cash for the opportune moment to invest.
Investors Optimistic According to Fidelity Survey
