Equities was the Largest Asset Class for South African HNWIs In 2013

Date: 2015-08-30

“• In 2013, equities was the largest asset class for South African HNWIs, with 27.1% of total HNWI assets. This was followed by real estate with 26.3%; business interests with 14.7%; cash and deposits with 12.6%; fixed-income with 11.5%; and alternatives with 7.8%.

• Alternatives, equities and business interests recorded growth at respective review-period rates of 58%, 58% and 46%. 

• Alternative assets held by South African HNWIs increased during the review period, from 7.1% of the total HNWI assets in 2009 to 7.8% in 2013. 

• Over the forecast period, allocations in commodities are expected to decline to 1.7% of the total HNWI assets by 2018, as global liquidity tightens due to a forecast near-term drop in demand from China for raw materials that will cause global commodity prices to flatten out.

• In 2013, South African HNWI liquid assets amounted to US$102.4 billion, representing 51.2% of wealth holdings.”

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