A majority of world’s ultra high net worth individuals are moving their holdings into cash amid rising political uncertainty globally. Photo: Alamy

Cash gains popularity among world’s super-rich amid concerns over political instability, downturn

  • Rush to cash was particularly strong among Asia’s UHNW clients in 2018, where 56 per cent more wealth managers reported increased cash holdings
  • Sentiment among Asia’s wealthy has soured more than their North American counterparts mainly because of the US-China trade war, Brexit and realignment in Europe
Topic |   Banking & Finance

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A majority of world’s ultra high net worth individuals are moving their holdings into cash amid rising political uncertainty globally. Photo: Alamy
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