Analysts at Bank of America released a note covering its recent Financial Advisor Survey for the second quarter, noting that a growing number of advisors monitored a significant increase in client demand for alternative investment products.
"Diversification/low correlation to public equities as well as higher long-term returns are still the number one drivers in demand for Alts," said analysts at Bank of America. They also note that the breadth of Alt products and sales efforts have expanded significantly. Elsewhere, the bank's analysts state that the majority of advisors still haven't started reallocating most/some of client cash balances to lock-in higher interest rates but they plan to.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.