Rich pickings
Capgemini and Merrill Lynch's latest world wealth report indicates that the world's rich were not seriously affected by the global credit crunch, and will continue to gather wealth more rapidly than previously predicted.
27 June 2008
Publication
Wealthy individuals are shrugging off troubled markets and continuing to spend big, especially in emerging markets. The outlook for 2009 is for a reduction in risk-averse investing and a two percentage point increase in holdings of alternative investments.
The 12th annual World Wealth Report from Capgemini and Merrill Lynch is reported in detail in FT Wealth.
To read the full article at FT.com, click here.
Listen to Peter Thal-Larsen, banking editor, discuss this year’s Merrill Lynch Capgemini World Wealth Report with Nick Tucker of Merrill Lynch and Chris Gant of Capgemini at www.ft.com/ftwealth
To download the 12th annual World Wealth Report, click here.
To read the press release on how the emerging markets are fuelling growth, click here.
To read the press release on increase of individuals joining the millionaires’ club, click here.
To read the press release on the rise of investments in luxury items, click here.
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