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International Business Times
International Business Times
Business

The Ultra-Rich Are Putting More Money Into Stocks. AI Giants Are Among Their Favorite Bets.

Microsoft CNBC
Much of the increase in stock exposure resulted from rising market values rather than a large wave of direct purchases. (Credit: AFP)

Some of the world's wealthiest families are allowing stocks to take up a bigger share of their portfolios, with enthusiasm for artificial intelligence coinciding with the largest quarterly shift toward public equities in several years.

Single-family offices held 37% of their portfolios in stocks during the second quarter, up from 34% in the first three months of the year. The Family Office Portfolio Tracker, powered by Addepar, uses aggregated and anonymized data from hundreds of family offices representing more than $1.4 trillion in assets.

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