News Snapshot:
Alternative investments account for 12% of the high-net worth individuals’ (HNWI) investment portfolio in Asia-Pacific, with cryptocurrencies accounting for a mere 0.7% share, says GlobalData, a leading data and analytics company. GlobalData had carried out ‘Global Wealth Managers Survey Q2 2021’ with 360 wealth management executives across 19 countries to gather their views on a variety of industry issues as well as their HNW clients’ attitude and behavior. GlobalData’s HNW Asset Allocation Analytics, which explores HNWI’s portfolio composition, reveals that HNW investor segment in Asia-Pacific allocates a sizeable portion of investment towards high growth alternative investment products such as art...
