Where Asia's rich are putting their cash as global risks grow

The rich are shunning stocks and bonds to focus on their own companies or assets deemed safer such as gold and cash. - AFP

SINGAPORE (Bloomberg): With growing concerns over rising inflation and market volatility, Asia’s wealthy are turning cautious.

People with more than US$1 million of investable funds are repositioning toward private markets to shield their assets from market volatility, Lombard Odier’s 2022 study about high net-worth individuals in Asia Pacific found.