Billionaires in large quantities transfer states to cash

in #finance8 years ago

The wealthy men of the planet continue to get rid promptly of investments in any assets and in large quantities transfer a condition to cash and their equivalents, the research company Wealth-X has reported in "Census of billionaires of the world".

Following the results of 2015 the share of cash in the equity of dollar billionaires of the world has grown to an absolute record for all the time of available statistics and has constituted 22,1%.

Others to words, 2,5 thousand the wealthy men of Earth kept every fifth dollar of a condition in cash on bank deposits.

This trend was planned in 2012, and since then only accelerates: billionaires withdraw money, including, from securities, from investments in real estate and business.

The reason — the overestimated value assessment of shares in the world, and also "uncertainty in world economy" marks out Wealth-X.

Investment funds also prefer not to risk and to the maximum to remain "in a cache", Bank of America Merrill Lynch has reported in June.

During poll managing with assets for 654 billion dollars, BofA has found out that funds keep 5,7% of assets in cash and their equivalents (treasurer bills of exchange or savings accounts) — a record share since 2001.

The Russian billionaire Mikhail Prokhorov has decided to cash a half of a condition in 2016. In June he has sold the largest asset — 20% of shares of "Uralkali" — to the structures close to the owner of "UralChem" Dmitry Mazepin. The amount of transaction could constitute 4 billion dollars. According to sources, close to Prokhorov, he has made the decision after the searches in Oneksim group which are carried out on April 14 with the assistance of FSB.