Synopsis
This report provides the latest asset allocations of Germany HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Germany HNWIs to 2019 and a comprehensive and robust background of the local economy.
Scope
• Independent market sizing of Germany HNWIs across five wealth bands
• HNWI volume and wealth trends from 2010 to 2014
• HNWI volume and wealth forecasts to 2019
• HNWI and UHNWI asset allocations across 13 asset classes
• Insights into the drivers of HNWI wealth
Summary
• This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Germany.
• The report focuses on HNWI performance between the end of 2010 and the end of 2014. This enables us to determine how well the country's HNWIs have performed through the crisis.
Reasons To Buy
• The HNWI Asset Allocation in Germany 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
• With the wealth report as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Report includes comprehensive forecasts to 2019.
Key highlights
• Equities was the largest asset class for German HNWIs in 2014, with 27.5% of total HNWI assets, followed by business interests with 25.2%, real estate with 22.8%, fixed-income with 10.1%, alternatives with 9.0% and cash and deposits with 5.4%.
• Equities, business interest and real estate recorded growth during the review period, at 56.3%, 23.8% and 23.0% respectively.
• Alternative assets held by German HNWIs decreased during the review period, from 9.3% of the total HNWI assets in 2010 to 9.0% in 2014, while HNWI allocations to commodities decreased from 3.3% to 3.0% of total assets.
• WealthInsight expects allocations in commodities to decline over the forecast period, to reach 2.3% of total HNWI assets by 2019. This will be due to the tightening of global liquidity owing to a forecast near-term drop in demand for raw materials from China, which will cause global commodity prices to fall, as was seen in the second half of 2014.
• German HNWI liquid assets amounted to US$1.9 trillion as of 2014, representing 43.0% of wealth holdings
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Germanys Wealth in Context
3.3.1 Distribution of wealth in Germany
3.4 HNWI Volume and Wealth Trends
4 Analysis of German HNWI Investments
4.1 Analysis by Asset Class
4.1.1 Trends in alternative assets
4.1.2 Trends in art, wine and wheels
4.1.3 Trends of investments in real estate
4.1.4 Trends of investments in cash and deposits
4.1.5 Trends of investments in fixed-income
4.1.6 Trends of investments in equity
4.1.7 Trends of Investments in business interests
4.2 Analysis of Foreign Investments
4.2.1 Investments in Europe
4.2.2 Investments in North America (Including the US, Mexico and the Caribbean)
4.2.3 Investments in the Asia-Pacific
4.2.4 Investments in South America
4.2.5 Investments in the Middle East
4.2.6 Investments in Africa
4.3 Alternative Breakdown: Liquid vs Investable Assets
4.4 Analysis of German UHNWI Investments
5 Appendix
5.1 Additional Components of the Wealth Sector in Germany
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 EUR to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: German Wealth - Population of Cities (Thousand), 2014
Table 3: German Allocations of HNWI Assets (%), 2010-2019
Table 4: German HNWIs ? Holdings Growth (%), 2010-2019
Table 5: German HNWIs - Alternative Asset Composition (%), 2010-2019
Table 6: German HNWIs - Trends of Investments in Alternative Assets (%), 2010-2019
Table 7: German Trends in Art, Wine and Wheels, 2010-2014
Table 8: Global Prime Real Estate Prices per m² (US$), 2012
Table 9: German HNWIs - Percentage of Foreign Investment Allocations, 2010-2019
Table 10: German HNWIs - Liquidity Breakdown (US$ Billion), 2010-2019
Table 11: German HNWIs - Liquidity Breakdown (%), 2010-2019
Table 12: German UHNWIs - Allocations and Share of HNWI Assets, 2014
Table 13: German Income Tax Bands (EUR), 2014
Table 14: EUR per US$ Exchange Rate (%), 2010-2019
Table 15: German Real GDP Growth (%), 2010-2019
Table 16: German GDP Per Capita (US$), 2010-2019
Table 17: German Domestic Market Capitalization (US$ Billion), 2010-2014
Table 18: German Commodity Indices, 2010-2019
Table 19: German Foreign Direct Investments (US$ Billion), 2010-2019
Table 20: German Inflation Rate (%), 2010-2019
Table 21: German Money Market Rate (%), 2010-2019
Table 22: German Balance of Payments (US$ Billion), 2010-2014
Table 23: German Government Debt as a Percentage of GDP (%), 2010-2019
Table 24: German Stock Market Performance, 2010-2014
Table 25: German HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 26: Germany - Appendix One
Table 27: Germany - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Germany
Figure 3: Germanys Asset Price Performance (US$), 2010-2014
Figure 4: German HNWI Performance (US$), 2010-2019
Figure 5: German vs. Global HNWIs (US$), 2010?2014
Figure 6: German HNWIs - Asset Class Composition (%), 2010-2019
Figure 7: German HNWIs - Trends in Alternative Assets (US$ Billion), 2010-2019
Figure 8: German Trends in Art, Wine and Wheels, 2010-2014
Figure 9: German HNWIs - Foreign Investment Allocation and Growth (%), 2014
Figure 10: German HNWIs - Global Distribution of Foreign Investments (%), 2010-2019
Figure 11: German HNWIs - Liquidity Breakdown (%), 2010-2019
Figure 12: German UHNWIs - Asset Class Composition, 2010-2019
Figure 13: EUR to US$ Exchange Rate (%), 2010-2019
Figure 14: German Real GDP Growth (%), 2010-2019
Figure 15: German GDP Per Capita (US$), 2010-2019
Figure 16: German Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 17: German Commodity Indices, 2010-2019
Figure 18: German Foreign Direct Investments (US$ Billion), 2007-2011
Figure 19: German Inflation Rate (%), 2010-2019
Figure 20: German Money Market Rate (%), 2010-2019
Figure 21: German Balance of Payments (US$ Billion), 2010-2014
Figure 22: German Government Debt as a Percentage of GDP (%), 2010-2019
Figure 23: German Stock Market Performance, 2010-2014
Figure 24: German HNWI Wealth vs GDP Ratio (%), 2010-2019
Figure 25: German HNWIs - Volume by Wealth Band, 2010-2019
Figure 26: German HNWIs - Wealth by Wealth Band (in US$ Billions), 2010-2019
Figure 27: German HNWIs - Wealth Per Capita (in US$ Millions), 2010-2019
