Hong Kong HNWIs Held 40.6% (US$423.0 Billion) of Their Wealth outside Their Home Country in 2013

Date: 2015-08-30

“• At the end of 2013, Hong Kong HNWIs held 40.6% (US$423.0 billion) of their wealth outside their home country, which is higher than the worldwide average of 20–30%. 

• WealthInsight expects foreign asset holdings to increase to US$532.0 billion by 2018, accounting for 38.3% of total HNWI assets.

• In 2013, the Asia-Pacific region accounted for 59.6% of Hong Kong HNWIs’ foreign assets. 

• It was followed by North America with 17.9%, Europe with 9.4%, South America with 8.1%, the Middle East with 2.6% and Europe with 2.4%.

• Hong Kong HNWI allocations to South America increased compared with other regions during the review period, from 5.2% in 2009 to 8.1% in 2013. Asia-Pacific was the other emerging region in terms of global investments.

• Over the forecast period, HNWIs are expected to increase their levels of investment in South America to 10.1% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.”

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