29.06.2009 - Real estate gains from flight to safety
From Asianinvestor.net: For the richest people in the world, the proverbial flight to safety didn't just mean flocking to fixed-income instruments or cash and deposits. It also meant increasing their allocation to real estate. High-net-worth individuals (HNWIs) from the Middle East and Asia-Pacific ex-Japan, in particular, had the highest allocations to real estate. According to the latest World Wealth Report from Merrill Lynch and consulting firm Capgemini, real estate investments picked up in 2008, rising to 18% of total HNWI financial assets from 14% in 2007, when its share had dropped by 10 percentage points from the year before........Full Article: Source