17 Sep '11, 6am

Asian wealth to triple by 2015 #malaysia

Kuala Lumpur (The Nation/ANN) - The wealth in Asia will triple by 2015 to US$15.8 trillion, according to the findings of the recently-published Asia Wealth Report by private Swiss bank Julius Baer. The report, done in collaboration with brokerage and investment group CLSA, also estimates that the current 1.15 million high net worth individuals (HNWI) across Asia will double to 2.82 million by 2015. China alone is estimated to hold 55.4 per cent of this wealth in 2015 and will have 49.6 per cent of the total HNWI. In 2011 and 2012, China and India are forecast to contribute to over 40 per cent of global gross domestic product (GDP). The report was commissioned with the aim of investigating the key drivers of wealth creation in the Asia Pacific region and the future size of the HNWI market by country. Speaking to StarBizWeek at the sidelines of the Forbes Global CEO Conferen...

Full article: http://sg.news.yahoo.com/asian-wealth-triple-2015-0550089...

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