Asia-Pacific topped Europe on two key wealth management parameters last year for the first-time ever the population of high-net-worth-individuals HNWIs on the continent and wealth in the region. The Asia-Pacific region is now the second-biggest wealth management market in the world.
According to the World Wealth Report 2011 published by Capgemini and Merrill Lynch, rising interest rates in emerging markets coupled with declining interest rates in developed countries continue to stimulate capital inflows to Asia. Other indicators of investor confidence in the region include declining prices of over-the-counter OTC derivative contracts and credit default swaps CDS. Fund flow tracker EPFR estimates that a record $80 billion and $34...
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