Euro zone’s richest investors cash in on stocks

Europe’s wealthiest people are planning to put more of their cash into equities, believing they will outperform all other asset classes, new data shows. And it’s those ultra-high net worth individuals based in the crisis-hit countries like Spain and Greece who are more bullish than any other group.

Some 75 percent of Europe’s ultra-high net worth private investors with assets of at least $30 million along with high net worth investors, those with more than $1 million in liquid assets, plan to commit additional cash reserves to their investment portfolios generally, according to research carried out byJPMorgan Private Bank.