News

Hong Kong’s high net worths prefer traditional asset classes

A majority of high net worth investors (HNWs) in Hong Kong still favour traditional asset classes in 2020, according to research from Quilter International. It showed that aside from cash, Hong Kong’s HNWs hold stocks (96%), fixed income assets (86%) and real estate (76%). The tilt towards traditional asset classes is in stark contrast to non-traditional counterparts such as private equity (49%), lifestyle investments such as art, wine and classic cars (47%), hedge funds (45%) and commodities such as gold and precious metals (31%). While Hong Kong’s HNWs invest in Asia, outside the region the top destinations are North America, Europe and Australasia. According to the research, 69% of the HNWs who were polled are more concerned about wealth preservation rather than wealth creation. “The results of our research shine a light on the investment portfolios of Hong Kong’s HNWs. It is interesting that their portfolios seem to reflect their attitude to risk, wealth preservation desires and long-term succession planning goals,” said Mark Christal, chief executive for Hong Kong at Quilter International. “This type of investor is typically internationally mobile due to them travelling frequently for their work and may also send their children to places like the UK, USA and Australia for overseas study. While there may still be some home region- bias in their portfolios, their exposure to international markets often results in a global portfolio comprised of various overseas assets,” added Christal. © 2020 funds global asia

Sponsored Profiles

Sponsored feature: Asset allocators – How do you track your decisions?

Apr 06, 2020

Mark Barry, Head of Asset Allocation at Milestone Group, explores how a simple question can highlight opportunities to automate and streamline your asset allocation investment process.

Sponsored feature: How is DLT changing the global securities services landscape?

Oct 17, 2019

By Jeslyn Tan, global head of product management, securities services, at Deutsche Bank

Sponsored feature: A new base for fund distribution

Oct 16, 2019

To get the most value out of the digitisation of investment fund distribution, a blockchain-based infrastructure is fundamental. By Olivier Portenseigne, Managing Director and Chief Commercial Officer, Fundsquare.

Sponsored profile: Bridging the gap

Mar 11, 2019

Private equity is a core part of the business for Caceis’ Hong Kong office, which looks after clients in China and Europe. David Li, chief executive officer, explains why private equity enjoys strong client demand and how it is being used to fund China’s international infrastructure ambitions.

Executive Interviews

Executive interview: ‘China is the 800-pound gorilla’

Aug 04, 2020

Just over a year into his new role, Wai-Kwong Seck, chief executive officer at Eastspring Investments, discusses his business goals, the Covid-19 pandemic and China.

Executive interview: Understanding geographies

Apr 06, 2020

Margaret Harwood-Jones, co-head financing and securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage...

Roundtables

Hong Kong roundtable: A ‘fragile Goldilocks situation’

Apr 06, 2020

With the global economy at a crossroads, our panel of experts share their thoughts on the market conditions, geopolitical volatility and growth opportunities. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A horizon to hold long-term assets

Dec 12, 2019

Panellists discuss the geopolitical fractures concerning asset owners, Singapore as a hub for fintech start-ups and why it makes sense to raise capital from a Variable Capital Company (VCC). Chaired by Romil Patel in Singapore.