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Alternative Market Briefing

Mass affluent and HNW segment represent 8% of global population, with assets accounting for +86% of liquid wealth

Thursday, May 28, 2015

Benedicte Gravrand, Opalesque Geneva:

Worldwide liquid onshore assets will exceed $100tln by no later than 2016, according to "The Global Wealth Market in 2015," a new white paper by DataMonitor Financial, but the market is not homogenous.

The global wealth market has recovered from the 2008 financial crisis, varying among various locations, and should continue to grow in the foreseeable future, with equities and mutual funds benefitting the most from an increasing risk appetite of retail investors, writes Bartosz Golba, the paper’s author. In 2008, global wealth shrunk by 12%, but has been recovering since – although at a slower rate during 2011.

At the end of 2014, worldwide liquid onshore assets were worth over $92tn (individuals with assets exceeding $50,000 hold more than $80tn).

This year, Golba expects a 5% growth (+$4tln). The mass affluent and HNW (high net worth) segment represent 8% of the global population, but their assets account for more than 86% of liquid wealth. Their total liquid wealth may grow to nearly $100tln by the end of 2018, including $40tln by HNW individuals (increase of $18.5tln since 2014). The forecast rate of 23.7% growth for 2014–18 is slightly lower than the 26.5% recorded in 2010–14.

By 2016, there will be more than 10 million HNW individuals, and the total number of affluent individuals may reach 396 million by 2018. Th......................

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