“• In 2013, business interests was the largest asset class for Turkish HNWIs, with 24.4% of total HNWI assets, followed by equities with 22.2%, fixed-income with 19.3%, real estate with 18.3%, cash with 10.9% and alternatives with 4.9%.
• Business interests, alternatives and fixed-income recorded growth during the review period at respective rates of 77.8%, 66.9% and 61.7%.
• Alternative assets held by Turkish HNWIs increased during the review period, from 4.8% of total HNWI assets in 2009 to 4.9% in 2013; HNWI allocations to commodities increased from 0.9% of total assets in 2009 to 1.2% in 2013.
• Over the forecast period, WealthInsight expects allocations in commodities to decline to 0.9% of total HNWI assets by 2018, as global liquidity tightens due to a forecast near-term drop in demand from China for raw materials. This is expected to cause global commodity prices to flatten out.
• As of 2013, Turkish HNWI liquid assets amounted to US$257.1 billion, representing 52.4% of wealth holdings.”
