Strong investment performance lifts global wealth

Singapore

STRONG investment performance buoyed the wealth of high net worth individuals (HNWIs) globally, driving a global wealth expansion of 8.2 per cent in 2016 compared to 4 per cent previously, despite a slight deceleration in the Asia-Pacific. The portion of wealth managed by wealth managers - estimated at about a third of total wealth - appreciated by a robust 24.3 per cent on average globally, Capgemini's 2017 World Wealth Report has found. In the Asia-Pacific, the appreciation is even more impressive at 33 per cent, the highest globally.

Singapore's HNWIs, however, reported a relatively more muted investment performance at about 18.2 per cent. This may explain Singapore's negative net promoter score (NPS) of minus 11, compared to 31.4 in the Asia-Pacific, and 45.2 in North America. Japan's net promoter score is the lowest at minus 51.3, which dragged the global score down to 11.6.