In a report Tuesday on global wealth, Credit Suisse Group AG noted a shift away from equities and other securities to physical assets like property. “In recent years, wealth inequality has trended upwards, propelled in part by the rising share of financial assets, and a strengthening U.S. dollar,” the study said. The value of financial assets, especially company securities, is probably a key factor, because wealthier individuals hold a disproportionate share of their assets in this form. Wealth inequality can be expected to level off and perhaps fall if equity prices are curtailed in the years ahead, the analysts said. Global wealth grew at a faster pace to $280 trillion, the highest since the bank began tracking it in 2000.

Source: thestar November 14, 2017 20:26 UTC