The world's ultra-wealthy have sold over $10 billion in stocks as global markets reach new highs. Notable transactions include the Viessmann family descendant selling $750 million in Carrier Global shares and Danish tycoon Henrik Lind offloading $175 million in ISS A/S shares. Additionally, Chris Ellison, founder of Mineral Resources Ltd., sold A$122.5 million (approximately $87 million) worth of shares, marking his first reduction in nearly a decade. These moves highlight a trend among affluent investors to lock in profits amid soaring stock indices, despite ongoing geopolitical uncertainties. While major banks like Goldman Sachs see potential for further market gains, some investors are wary of high valuations.
Global Elite Offload Over $10 Billion in Stocks Amid Market Peaks
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