EXECUTIVE SUMMARY
Different local factors drive the growth of the global wealth market
Key findings
Critical success factors
SIZING AND FORECASTING THE GLOBAL WEALTH MARKET
The global wealth market is on a continuous growth path
Globally, the affluent market is worth more than $84tn
Affluent individuals will hold more than $110tn in liquid assets by the end of 2020
The global affluent population totals 350 million individuals and continues to grow
The wealthiest will grow their assets at an even faster rate
Global retail savings and investment trends
Equities and mutual fund holdings have reached pre-financial crisis values, but growth has been slowing
Bond holdings have been decreasing
For HNW individuals, less liquid asset classes play an important role
Retail savings and investment geographical analysis
Attitudes towards deposits differ clearly between mature and emerging markets
Investors in the US hold three times more equities and mutual funds than the developing markets average
Bond holdings are significantly affected by yields
Offshore holdings represent a significant proportion of global wealth
Globally, HNW investors hold 22.7% of their wealth offshore
Motivations for off shoring wealth differ by country
REGIONAL WEALTH MARKETS GROWTH ANALYSIS
Global wealth is distributed unequally
HNW individuals hold a third of global wealth
The mass affluent segment is more important in developed markets
Inequality in wealth distribution is clearer in frontier markets
Developing countries will be chasing mature markets
Kazakhstan will be the fastest-growing wealth market over 2016-20
Central and Eastern Europe will be the fastest-growing region
Developing markets’ impressive growth is offset by inflation
Relative wealth market strength depends on exchange rate fluctuations
THE GLOBAL WEALTH MARKETS RANKINGS
The US will remain by far the biggest wealth market in aggregate terms
China ranks second, although developed markets still dominate the top 15
HNW segment rankings highlight the growth of Asia Pacific
Wealth market rankings are affected by exchange rate volatility
Liquid assets per capita analysis
By 2020 the average Hong Kong citizen will be wealthier than their Swiss counterparts
Large emerging markets’ rankings highlight unequal wealth distribution
APPENDIX
Abbreviations and acronyms
Supplementary data
Coverage
Countries classification
Definitions
Affluent
Averages
CAGR
Developed (mature) economies or markets
Developing economies or markets
Emerging economies or markets
Frontier economies or markets
HNW
Liquid assets
Mass affluent
Mass market
Onshore
Methodology
Verdict Financial’s 2015 Global Wealth Managers Survey
Global Wealth Model methodology
Global Retail Investments Methodology
Exchange rates
Bibliography
Further reading
About Verdict Financial
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