Given that 2007 was a volatile year for financial markets worldwide, Victor Tan, Hong Kong market director at Merrill Lynch Global Wealth Management, considers the growth impressive. ThatÆs still lower than the 11.4% growth in HNWI assets to $37.2 trillion last year, however.
Last yearÆs increase in HNWI assets reflects the impact on individual wealth of global economic growth and higher financial market capitalisation, especially in emerging markets. Merrill Lynch considers as HNWIs those with net assets of at least $1...
¬ Haymarket Media Limited. All rights reserved.
