Property has pipped equities to the title of most popular asset class among the world’s wealthiest individuals, according to a report published today. The survey by Knight Frank of Citi Private Bank’s international high-net-worth clients — those with assets worth more than $10 million ($£6.6 million) — showed that the bulk of their portfolios (33 per cent) were invested in property. Equities account for the next-biggest chunk — 24 per cent — followed by cash and bonds, at 17 per cent and 13 per cent, respectively.