Europe's richest families are suffering, the poor wee souls. Having had returns on investments of 8 percent in 2011 and nearly 12 percent in 2010 the annual return dropped to 3.6 percent. They could have performed better if they hadn't held so much low-performing cash, or real estate, because some stock markets and asset classes such as government bonds moved ahead strongly. Rather than speculate in shares, the rich have hoarded in the safety of bank deposits and land.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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