Financial, Italians’ Investments More Diversified, ABI
Need to Build a Savings and Investments Union in Europe ABI's new analysis of household wealth highlights a further strength of Italian households: greater financial diversification, with a more diverse composition than the eurozone average. The financial market component (listed shares, mutual funds, debt securities, insurance, and pension funds) represents 21.3% of Italian households' total wealth, compared to the eurozone average of 19.4% (Germany 21.2%, France 18.0%, Spain 11.2%). This is primarily due to the greater prevalence of mutual funds, which account for 6.9% in Italy versus 4.6% in the eurozone (Germany 5.8%, France 2.4%, Spain 5.4%). Another distinctive feature of Italian savings...
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