More of Asia’s wealthy to invest in alternatives by 2024
Rising interest rates and access to alternatives such as digital assets are driving the trend, as China’s wealthy show the most interest in ESG.
The proportion of Asia Pacific’s wealthy who invest in alternatives is set to nearly double in three years, as they gain easier access to the asset class amid a changing macro environment, a recent EY wealth management report shows.
By 2024, 61% of wealth clients in Asia Pacific are expected to invest in alternatives, up from 37% currently, indicating the strongest demand for diversification compared to other markets, according to the 2021 EY Global Wealth Research Report.
The s…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.