The results of RBC Wealth management and Capgemini’s World Wealth Report 2012 did not exactly bring cheers to the ranks of the world’s wealthy, but a few countries in emerging markets, however, glimmered in the sand.
Countries in the
Globally, the high net worth population lost 1.7% of investable assets to a volatile market. The U.S. alone saw a 1.1% decline in the wealth of its high net worth individuals after a rise of 8.6% last year. And many industrial countries such as
Despite losses in
“Japanese investors are very conservative,” said Chirag Dhakral, a project manager for the World Wealth Report. “They invested only about half of what the rest of the world did in liquidities, so even though markets fell, it didn’t have as disastrous of impacts.”
According to the report,
“Brazil is an upcoming country because of its natural resources and many of the prices for these goods went up in 2011,” Dhakral said.
Moreover, the only region to report growth in the assets of high net worth individuals was the
“Globalization plays a part, but the biggest factor is oil, and that’s why their wealth increased whereas many others saw a decrease,” Dhakral said.
What the 2013 report had in store for these developing countries was difficult to say, Dhakral noted. A number of the same uncertainties would influence the world’s wealthy including the Eurozone crisis, China’s economy, and political strife.
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