Overview
Find out what's driving today's successsful global wealth strategies and trends with our latest book from Capgemini and Merrill Lynch.
Thought Leadership
Assets of High Net Worth Individuals rises by 11.4% to $37.2 trillion, showing first double-digit growth in 7 years.
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New Coverage of the Asia Wealth Market
The 2007 Asia-Pacific Wealth Report, is an in-depth look at the changes in the high net worth marketplace in the region. Built on the success of the World Wealth Report, which is now in its 11th year, the report seeks to understand the behaviour of HNWIs and the responses of wealth management providers in nine markets in the Asia-Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan. According to the report, the wealth of Asia-Pacific HNWIs totalled US$8.4 trillion in 2006. The reports also reveals China and Japan account for more than 60% of region’s High Net Worth wealth and Singapore, India and Indonesia are fastest-growing HNWI populations. It also examines the growing significance of the Non-Resident Indian population, the increasing demand for Wealth Transfer services and the influence of non-financial factors on asset allocation. The 2007 report depicts a region that is enjoying some of the fastest growth rates in the world, with both GDP expansion and stock market performance well above global averages. The regional economies continue to generate real and sustainable wealth on an unprecedented scale.
The report is available in English, Korean, Traditional Chinese and Simplified Chinese.
Fast-Breaking Headlines
- Global High Net Worth (HNW) population reaches 9.5 million with Singapore and India leading growth
- World Wealth grows 11.4% to $37.2 trillion demonstrating first double growth seen in seven years
- Global economy hits new heights with Europe and Asia-Pacific delivering strong performance
- Changing needs, sources of income and HNWI demographics drive emerging dynamic needs-based approach for serving HNW clients
From the World Wealth Report
In 2007 global economies and emerging markets were fueled by real GDP and market capitalization to drive wealth generation. For the first time in seven years High Net Worth Individuals (HNWI) wealth rose to double digit growth of 11.4% led by emerging markets such as China and India who sustained real GDP growth rates of 10.5% and 8.8% respectively. Market capitalizations grew rapidly in Europe, Asia-Pacific and Latin America, driven by strong corporate profits, IPO activity and ongoing foreign investment. Looking ahead, as more mature markets like the US return to more moderate growth rates and central banks tighten monetary policy, the period of high liquidity that has stimulated recent growth may soon come to an end.
Driven by Singapore, India, Indonesia and Russia, worldwide HNWI population growth continues strong at 8.3%. For their investment dollars, real estate produced high returns and garnered a larger percentage of HNWIs’ portfolios globally. Commercial real estate markets and REITs drove the increased allocation to real estate.
New High Net Worth Service Models Emerging
This year’s World Wealth Report spotlight features an exploration of dynamic needs-based service approaches to better meet the needs of increasingly complex and ever changing High Net Worth (HNW) clients. The trend in using more advanced segmentation approaches based on individual characteristics and on-going, changing client needs is becoming much more important to evaluating the effectiveness of Wealth Management firm service models. Using a needs-based approach provides advisors with the right products and services to offer their investors to achieve investment goals and improve client satisfaction.
