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World’s super-rich continue to prefer equities despite bearish markets

March 2016

March 3, 2016 | 11:15 | Dubai

Despite equity markets turmoil, financial investments (equities, bonds etc) still accounts for more than a quarter (28%) of the average UHNWI’s investable wealth globally, according to Knight Frank’s latest annual Attitudes Survey. Based on the views of the world’s leading private bankers and wealth advisors, respondents revealed that residential real estate (Primary residence and second homes) had the second highest share (24%) of the average UHNWI’s investable wealth, while personal businesses made up 19%. Here’s a breakdown of the proportion of total UHNWI wealth allocation:

Financial investments (equities, bonds etc) 28%
Primary residence and second homes 24%
Personal businesses 19%
Cash 15%
Real estate investments 11%
Collectibles (art, wine, cars etc) 2%
Precious metals (gold etc) 1%

 

The Attitudes Survey, undertaken in conjunction with wealth intelligence specialist Wealth-X, also identified succession and inheritance issues, wealth taxes and the global economy as the key concerns of the world’s wealthy. The majority of respondents (56%) singled out succession and inheritance issues as a major risk to wealth creation and preservation over the next 10 years. The state of the global economy (47%) and wealth taxes (50%) were also recognised as key concerns for the next decade. The survey by Knight Frank also identified Dubai as the 8th most important city for the world’s UHNWIs.

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