Asia-Pacific rises to top of HNWI league table

The Asia-Pacific region has the largest number of rich people in the world, overtaking North America for the first time. Last year, the 5.1 million high-net-worth individuals (HNWIs) in Asia-Pacific had a combined wealth of $17.4 trillion (€15.4 trillion), compared to the 4.8 million North American wealthy, who held $16.6 trillion. Capgemini produced the figures in its 20th annual ‘World Wealth Report’, which also highlighted the speed at which the Asia-Pacific region’s wealthy population is growing. The amount of wealthy people in Asia-Pacific grew by 10% last year, five times the rate of North America. The consultancy firm also said that wealth management firms may need to broaden their investment expertise because almost half of HNWIs focused on investing for growth, which implies a tendency to hold more assets in alternative investments. The top three services HNWIs look for when choosing a wealth management firm, according to the report, are: investment advice (47%); financial planning expertise (40%); and investment access (40%). ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.