Financial assets account for 21.3% of Italian family wealth, including government bonds from around Europe, listed stocks, mutual funds, debt securities, insurance policies, and pension funds. This amount exceeds the Eurozone average of 19.4%. The figure comes from ABI’s (Italian Banking Association) report on household wealth. Only Germans match the Italian figure of 21.2%, while France and Spain have lower figures of 18% and 11.2%, respectively. According to the ABI, this is attributable to the higher prevalence of mutual funds in Italy, which accounts for 6.9% versus 4.6% in the Eurozone (Germany 5.8%, France 2.4%, Spain 5.4%). Furthermore, Italians invest more in government bonds and bonds: the former account for 2.5% of household wealth, compared to the EU average of 0.5% (Germany 0.1%, France 0.2%, and Spain 0.3%). Bonds and other debt securities account for 1.5% of households, compared to 0.7% in the eurozone. Italians have a lower exposure to listed shares, at 1.4% versus the EU average of 2%. Insurance and pension products account for 9.1%, compared to the EU average of 11.6%. This financial diversification is "an additional asset for Italian families", according to ABI.