High net worth (HNW) investors are are once again seeking cash and near-cash products in response to rising uncertainty, research suggests.

GlobalData's HNW Asset Allocation Trends 2019 report found that allocations actually dropped from 23.5 percent in 2015 to 13.2 percent in 2018.

But senior analyst Heike van den Hoevel argued that this trend is changing as newest data shows renewed appetite for cash.

UBS Global Wealth Management’s latest investor sentiment survey showed cash allocations among wealthy UK investors remained high at 32 percent of portfolios.

However, as 42 percent globally plan to ...