European HNWIs invested most heavily in equities constituting 28.5% of portfolios. Cash and cash equivalents was not far behind with 28.3% of portfolio. The balance of their portfolios was allocated to fixed income (16.8%), real estate (14.5%) and alternative investments (12.0%).
Note: Asset classes include: cash/deposits; equities; real estate excluding primary residence; fixed income; and alternative investments which include structured products, hedge funds, derivatives, foreign currency, commodities, and private equity; Chart numbers may not add up to 100% due to rounding
Source: Global HNW Insights Survey 2019, Capgemini