Affluent holding huge amounts of wealth in cash, experts say

06/17/2014 | Reuters

Investment professionals estimate that some newly risk-averse, high-net-worth clients are holding as much as 40% of their wealth in cash rather than expose it to potential loss by investing it in the stock or bond markets. A survey by RBC Wealth Management and CapGemeni found that wealthy clients had on average close to 28% of their assets in cash or zero-yielding deposits.

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