High net worth investing recent market data suggests that high

Recent market data suggests that high net worth investing strategies are rotating toward defensive sectors as the S&P 500 hovers near 5, Realty Income's high-quality real estate portfolio provides it with very steady income. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC  and a wholly owned subsidiary of BofA Corp. High net worth investing flows in Q2 show significant movement into private market equities, particularly late-stage tech startups, as a hedge against public market valuation corrections. Pitchbook data confirms increased deal activity.