Wealth in the Philippines Market Latest Report Available Online Wealth in the Philippines Market

Wealth in the Philippines Market Latest Report Available Online at Radiant Insights, Inc Summary The Philippines is home to a relatively small affluent population, and the country's financial services sector is somewhat unsophisticated relative to many of its ASEAN-6 neighbors and other developed nations. Retail participation in the equities and mutual fund markets is very low, with the bond market traditionally more popular but the majority of allocations still held in deposits. However, very strong economic performance over recent years and a new government committed to shaking off the image of the Philippines as the 'sick man of Asia' bodes well for the future of its financial services sector and the population's financial literacy. Local wealth managers may not currently have a particularly large lucrative target market onshore, but this segment will grow significantly and wealth managers need to be ready to capitalize on the opportunity. Synopsis Wealth in the Philippines: Sizing the Market Opportunity analyzes the Filipino wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets. Click Here For Complete Report @ http://www.radiantinsights.com/research/wealth-in-thephilippines-sizing-the-market Specifically the report: - Sizes the affluent market (both by the number of individuals and value of their liquid assets) using Verdict Financial's proprietary datasets. - Analyzes which asset classes are favored by Filipino retail investors and how their preferences impact the growth of the total savings and investments market. - Examines HNW clients' attitudes towards non-liquid investments, such as hedge funds, property, and commodities. - Identifies key drivers and booking centers for offshore investments by Filipino HNW clients. Key Findings - At the end of 2015, 1.12% of the Philippines' adult population was considered affluent, and this segment is forecast to grow by 50% over the next five years. The HNW segment accounts for 0.03% of the population, but holds over a third of the country's liquid wealth.