India and Korea will lead the Asian wealth
management market for the next three years, according to a recent survey
conducted by Barclays Capital. Assets controlled by wealth management firms are
expected to increase in both countries by 17 percent.
The Chinese wealth management market is expected to grow by
14 percent, followed by South East Asian and Taiwan (13 percent), Hong Kong (11
percent), Australia and New Zealand (10 percent).
Barclays also found that affluent Asian investors prefer
equity over other asset classes; credit or debt-related products are their
second choice. Foreign exchange remains their most popular derivatives-based
asset class, followed by commodities.
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