Europe Accounted for 60.7% of the Foreign Assets of Russian HNWIs In 2013

Date: 2015-08-30

“• In 2013, Russian HNWIs held 30.8% (US$345 billion) of their wealth outside of their home country; the worldwide average is 20–30%. 

• WealthInsight expects foreign asset holdings to increase to US$404 billion by 2018, accounting for 29.6% of the country’s total HNWI assets.

• In 2013, Europe accounted for 60.7% of the foreign assets of Russian HNWIs. It was followed by Asia-Pacific with 17.7%, North America with 11.5%, the Middle East with 5.2%, Latin America with 3.8% and Africa with 1.2%.

• Russian HNWI allocations to Europe decreased sharply compared with other regions during the review period, from 72.4% in 2009 to 60.7% in 2013. 

• Over the forecast period, WealthInsight expects HNWIs to reduce their level of investment in Europe to 54.3% of foreign HNWI assets by 2018, with investments decreasing due to growing confidence in Asian economies.”

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