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