Sat, Oct 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Timetric: Number and wealth of U.S. HNWIs set to increase, as well as their investments in alternatives

Thursday, April 04, 2013
Opalesque Industry Update - Although the global economic crisis had a significant adverse effect on US High Net Worth Individuals (HNWIs), recovery is already evident and substantial growth is forecast to 2016.

The American Dream Disturbed

Whilst the US still accounted for 30% of the global total of HNWIs in 2011, the global financial crisis, compounded by weak property and global equity markets, saw the number of US HNWIs decrease by 3.1% since 2007 – from 5.3 million to 5.1 million. Furthermore, HNWI pension fund assets declined from $2.0 trillion in 2007 to $1.9 trillion by 2011.

Sweet Dreams Forecast for US HNWIs

Despite the decline in US HNWIs to 2011, 2012 saw a marked recovery: HNWI numbers rose by 3.9%, whilst HNWI wealth rose by 4.7%. New research released by Timetric suggests that this trend is set to continue, with the total number of US HNWIs to grow by 19.4% to reach 6.1 million in 2016. It suggests that HNWI wealth increase will be even greater, growing by 25% to reach $23.5 trillion by 2016.

Alternatives are expected to be the top-performing asset class for HNWIs during this period, followed by equities and fixed income products. Consequently, there will be a movement away from cash and towards alternatives.

Additionally, US HNWIs are expected to decrease their level of investment in Europe to 20% by 2016, as a result of ongoing concerns regarding the Euro, and a possible double-dip recession in the region.

For further information:
Timetric’s report, ‘United States 2012 Wealth Book: The American Dream Revisited’ is available at: timetric.com/research/report/WI0071MR

Timetric is a leading provider of online data, analysis and advisory services on key financial and industry sectors. It provides integrated information services covering risk assessments, forecasts, industry analysis, market intelligence, news and comment.

Press release

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t