Self-directed brokerage account participants were bullish on equities in the second quarter, with nearly half of them putting their money into equities. A new report from Charles Schwab says 47% put new assets into equity markets in the second quarter of this year, mostly through mutual funds, compared to 30% in the previous quarter.
And while mutual funds continue to be the top asset allocation for self-directed brokerage account participants, accounting for 39% of all portfolios, they did decrease by 2% from last year.
