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SMSFs Continue to Dominate
“Source: Money Management – December 13th, 2011″
New data analysed by the Australian Taxation Office (ATO) has confirmed the rise and rise of the self-managed superannuation fund (SMSF) sector in Australia…
Capgemini and Merrill Lynch Global Wealth Management – 2011 Asia Pacific Wealth Report
“Source: Capgemini and Merrill Lynch Global Wealth Management – October 2011″
The Asia-Pacific high net worth individual (HNWI) population grew 9.7% to 3.3 million in 2010, exceeding that of Europe, and is now nearing that of North America. The HNWI had grown 25.8% in 2009, and is now 18.3% larger than in 2007 when the worst of the global financial crisis took effect. That is more than in emerging regions such as Latin America (up 14.2%), the Middle East (up 11.3%), and Africa (up 15.3%). And the HNWI populations in North America and Europe, by contrast, are barely bigger than in 2007 (up 2.6% and 2.4% respectively).
Asia-Pacific HNWIs’ wealth also grew for a second straight year in 2010; rising 12.1% to US$10.8 trillion. The wealth increase was much smaller than the 30.9% increase in 2009, but the gains nevertheless left the region’s HNWI wealth up 14.1% from 2007 levels. That is less than the 18.1% relative growth for Latin America, but more than the rebound in Africa (up 11.0%). Wealth among HNWIs is still down from 2007 in the Middle East (by 0.9%), which is the other largely emerging region. Wealth is also still below pre-crisis levels in North America (down 0.8%, at US$11.6 trillion), and Europe (down 4.4%, at US$10.1 trillion). Globally, HNWI wealth rose 9.7% to US$42.7 trillion in 2010, putting it 4.9% above 2007 levels.
Capgemini and Merrill Lynch Wealth Management – 2011 World Wealth Report
“Source: Capgemini and Merrill Lynch Global Wealth Management – July 2011″
The world’s high net worth individuals (HNWIs) expanded in population and wealth in 2010 surpassing 2007 pre-crisis levels in nearly every region, according to the 15th annual World Wealth Report from Merrill Lynch Global Wealth Management and Capgemini.
The World Wealth Report covers 71 countries in the market-sizing model, accounting for more than 98% of global gross national income and 99% of world stock market capitalization. The report has built a strong and lasting reputation as the industry benchmark for HNWIs market sizing—originally at a global and regional level but increasingly at a country level.