The crisis has deeply affected the financial portfolios of Italian families. The data emerges from the second Consob statistical bulletin, the new six-monthly publication of the via Martini authority. The snapshot of wealth invested in financial instruments with Italian intermediaries shows a sharp reduction between 2010 and 2012.
The stock of wealth of retail customers invested in shares, government securities, bank and corporate bonds, at the end of September 2010 amounted to 1.981,8 billion. Exactly two years later, wealth in financial instruments had fallen, at market values, to 1.269,9 billion, a decrease of 715 billion: a drop of approximately 36%, while the main stock exchanges on Piazza Affari, in the same period of time , lost 26%.
In detail, the wealth held in Italian government bonds by retail customers, according to the tables in the Consob bulletin, has dropped from 414,3 billion to 265,4 billion. That in Italian shares from 254,7 to 101,5 billion and that in bonds of financial companies (especially banks) from 806 to 478,7 billion.
