European high-net worth individuals with a total wealth of more than $14.7 trillion are holding close to 24 percent of their portfolios in cash, the most since 2013, according to analysts ata Bank of America Merrill Lynch.
The number of high net-worth individuals in Europe rose to 4.5 million at the end of 2016, up from 4.2 million a year earlier.
“The remarkable story of 2017 has been the incessant ‘lust for yield’"
https://www.bloomberg.com/news/articles/2017-10-10/rich-europeans-with-14-7-trillion-may-spur-euro-credit-inflows
The number of high net-worth individuals in Europe rose to 4.5 million at the end of 2016, up from 4.2 million a year earlier.
“The remarkable story of 2017 has been the incessant ‘lust for yield’"
https://www.bloomberg.com/news/articles/2017-10-10/rich-europeans-with-14-7-trillion-may-spur-euro-credit-inflows
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