Eurasia Press & News
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.
