Based on Allianz’s Global Wealth Report, global shareholders are richer than ever before.
The Global Wealth Report tracks global funds held in stocks of every country – like the S&P 500 (SPY), Dow Jones (DIA), internationally developed markets (EFA) and emerging markets (EEM) - cash and cash equivalent bank deposits, stocks and consumer funds at insurance companies.
Assets like real estate (IYR), cars, and art are not included in the report.
The wealth of investors around the world reached a total of $150 trillion.
You’d think that’s good news, but Mario Draghi – Europe’s central bank president – found a fly in the ointment. It has to do with banks. In fact, Draghi is alarmed.
Here’s the full story: Europe’s ECB Warden is Alarmed … For the Wrong Reason.
Simon Maierhofer is the publisher of the Profit Radar Report.
Follow Simon on Twitter @ iSPYETF
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