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Alternative Market Briefing

Already above average, Singapore high-networth investors add hedge funds and alternative investments

Thursday, July 13, 2017

Komfie Manalo, Opalesque Asia:

An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017, it said that it expects the alternative space to gain further traction amongst Singaporean high-networth individuals (HNWIs).

The study said that current investment demand is particularly pronounced for equities and corporate bonds. However, the latter are forecast to fall out of favor as investors are looking for new means of diversification in the alternative investment universe. Led by pension and financial planning, overall demand for planning services is moderate. However, going forward the study expects increased demand for tax planning.

"Singapore's HNW population remains dominated by business owners and those who accumulated their wealth through earned income. HNW individuals invest around half of managed wealth with their main wealth manager, and the majority of wealth is held via discretionary mandates," the study said.

It added that Singaporean HNW individuals have amassed their wealth mainly through earned income. However, taken together those who earned their wealth either through first-generation entrepreneurship or family business ownership constitute the largest segment. The most prominent industries from which HNW individuals have amassed wealt......................

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