Singaporean HNWIs Held 32.9% of Their Wealth outside Their Home Country in 2013

Date: 2015-08-30

“• Singaporean HNWIs held 32.9% of their wealth outside their home country in 2013, equal to US$246.0 billion, which is higher than the global average of 20–30%. 

• WealthInsight expects foreign asset holdings to value US$313.1 billion by 2018, accounting for 30.4% of the total HNWI assets.

• Europe accounted for 36.1% of these foreign assets in 2013. 

• This was followed by the Asia-Pacific with 26.7%, North America with 25.4%, Latin America with 7.1%, the Middle East with 2.6%, and Africa with 2.2%.

• During the review period, Singaporean HNWI allocations to Asia-Pacific decreased compared with other regions, from 48.7% in 2009 to 26.7% in 2013. North America and Europe were the emerging regions in terms of global investments.

• WealthInsight expects HNWIs to continue to reduce their level of investments in the Asia-Pacific over the forecast period, to reach 12.5% in 2018, with both Europe and North America being the key growth drivers.”

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