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The one trade the ultra-rich are dumping from their portfolios

The richest investors don't trade like everybody else. Now we can see exactly how they differ. According to exclusive data provided to CNBC, high net worth traders (HNW) have been rapidly dumping their allocations to global equities and emerging market strategies. Instead, they have been moving toward tactical so-called allocation strategies, a sign they are preparing to be more nimble in an increasingly volatile environment.