Market Research
Hong Kong's Rich Set Their Sights On Financial Planning
High net worth investors in Hong Kong will have financial
planning at the top of their list when they set their priorities
for the next two years, latest research by
Datamonitor reveals.
"High demands for financial planning could be attributed to the
large proportion of 31 to 50 year old HNWs in Hong Kong who have
long-term investment objectives," said
Harry Senlitonga, the firm's senior analyst, in a
statement.
The study shows that this is true for over 50 per cent of the
city's HNWs, with the biggest shift in asset allocation turning
out to be the withdrawal of funds from fixed income. The higher
level of risk tolerance is what attracts HNWs to re-allocate
their wealth into equities and real estate investments and out of
fixed or cash products, the study said.
The results of the study were based on responses of wealth
managers and planning executives in Hong Kong who participated in
Datamonitor's sixth annual Market Leaders survey in February to
March 2010.
