Malaysia’s wealth managers are optimistic about wealth creation in 2019. Property remains a mainstay of wealth portfolios.
According to the Attitudes Survey in the Knight Frank Wealth Report, 58 percent of Asian respondents said the wealth of their ultra-high-net-worth individual (UHNWI) clients increased during 2018. 18 percent reported no change, while 23 percent said it had fallen.
The survey is based on global responses provided by 600 private bankers and wealth advisers who between them manage over USD3 trillion of wealth for UHNWI clients.
WEALTH CREATION
More than half of the Malaysian respondents (59 percent) cited an increase in client wealth. Malaysia wealth advisers are optimistic, with 78 percent of them expecting their clients’ wealth to grow in 2019, although they expect continued market volatility to pose potential challenges to wealth creation and wealth protection.
22 percent of wealth managers feel that the political and economic environment within the country would make it easier for clients to create and protect wealth in 2019, as opposed to merely 11 percent in 2018. This places Malaysia to be almost on par with India and Philippines, which are the top-performing markets in Asia.
Esta historia es de la edición May 2019 de Business Today Malaysia.
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