Wealthy families have about 39% of their assets in cash, according to a recent poll of more than 50 large family office representatives from 20 countries...

James Marlay

Wealthy families have about 39% of their assets in cash, according to a recent poll of more than 50 large family office representatives from 20 countries conducted by Citi Private Bank. Stocks represented about 25 percent of portfolios on average. Bonds were about 17% of the asset mix and various classes of less liquid and alternative investments amounted to 19%. Using these weightings, Citis return expectations for the portfolio comes to just 4.4 percent. According to Steven Wieting, the bank's global chief investment strategist, this matches what we at Citi Private Bank observe generally among high end investors: very high cash holdings, with a current asset allocation unlikely to achieve return targets. (VIEW LINK)


James Marlay

I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.

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