Family offices and ultra-high net worth investors are bullish on the market this year, following a bumper year in 2023. This is in contrast to institutional investors, who continue to dump property.
Blackstone has boosted its private wealth unit in Asia sixfold over the past three years to make up a team of 30 focusing on Singapore, Hong Kong, Tokyo, and Shanghai.
RBC Wealth Management says the financial industry must rise to the challenge of high-net-worth demand for socially responsible investing, as revealed in the World Wealth Report.
China is expected to underpin growth in the world’s ultra-high-net-worth population, creating opportunities for luxury retailers, particularly with young Chinese women.