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Business
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Number of pages / Number of words: |
5 / 1315 |
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Asia-Pacific is home to 27.1 per cent of the world''s high net worth population.
The wealth of Asia-Pacific HNWIs totaled US$8.4 trillion in 2006, an increase of 10.5 per cent over 2005. HNWI wealth was concentrated in Japan and China, which accounted for 43.7 per cent and 20.6 per cent, respectively, of the region''s total wealth...
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Korea and Hong Kong were also in the top 10 fastest growing markets globally.
"Overall, it''s a story of growth, growth and more growth for the HNWI marketplaces throughout the region," says Rahul Malhotra, Managing Director, Head of Asia Pacific, Merrill Lynch Global Wealth Management. "While HNWI investment behaviors differ from market to market, the underlying drivers of wealth remain strong overall and we expect the region will continue to outpace the global rate of growth in HNWI wealth...
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