Synopsis
This report provides the latest asset allocations of Spain HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Spain HNWIs to 2019 and a comprehensive and robust background of the local economy.
Scope
• Independent market sizing of Spain 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 Spain.
• 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 Spain 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
• Real estate was the largest asset class for HNWIs in Spain in 2014, with 22.5% of total HNWI assets, followed by business interests with 17.8%, equities with 17.2%, fixed-income with 16.3%, cash and deposits with 15.9% and alternatives with 10.3%.
• Equities, business interests and alternatives recorded growth during the review period, at 48.9%, 18.9% and 31.6% respectively.
• Alternative assets held by Spanish HNWIs increased during the review period, from 9.1% of total HNWI assets in 2010 to 10.3% in 2014. HNWI allocations to commodities increased from 2.0% of total assets in 2010 to 2.2% in 2014.
• WealthInsight expects allocations in commodities to decline over the forecast period, to reach 1.8% of total HNWI assets by 2019, as global liquidity tightens due to a forecast near-term drop in demand from China for raw materials, which will cause global commodity prices to fall, as was seen in the second half of 2014.
• As of 2014, Spanish HNWI liquid assets amounted to US$479.2 billion, representing 49.5% of wealth holdings
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Spains Wealth in Context
3.3.1 Distribution of wealth in Spain
3.4 HNWI Volume and Wealth Trends
4 Analysis of Spanish HNWI Investments
4.1 Analysis by Asset Class
4.1.1 Trends in alternative assets
4.1.2 Trends in art, wine and wheels
4.1.3 Trends of investments in real estate
4.1.4 Trends of investments in cash and deposits
4.1.5 Trends of investments in fixed-income
4.1.6 Trends of investments in equity
4.1.7 Trends of investments in business interests
4.2 Analysis of Foreign Investments
4.2.1 Investments in Europe
4.2.2 Investments in North America (including the US, Mexico and the Caribbean)
4.2.3 Investments in the Asia-Pacific
4.2.4 Investments in South America
4.2.5 Investments in the Middle East
4.2.6 Investments in Africa
4.3 Alternative Breakdown: Liquid vs Investable Assets
4.4 Analysis of Spanish UHNWI Investments
5 Appendix
5.1 Additional Components of the Wealth Sector in Spain
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 EUR to US$ 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: Regional Populations in Spain (Thousand), 2014
Table 3: Spanish Allocations of HNWI Assets (%), 2010-2019
Table 4: Spanish HNWIs ? Holdings Growth (%), 2010-2019
Table 5: Spanish HNWIs - Alternative Asset Composition (%), 2010-2019
Table 6: Spanish HNWIs - Trends of Investments in Alternative Assets (%), 2010-2019
Table 7: Spanish Trends in Art, Wine and Wheels, 2010-2014
Table 8: Global Prime Real Estate Prices per m² (US$), 2012
Table 9: Spanish HNWIs - Percentage of Foreign Investment Allocations, 2010-2019
Table 10: Spanish HNWIs - Liquidity Breakdown (US$ Billion), 2010-2019
Table 11: Spanish HNWIs - Liquidity Breakdown (%), 2010-2019
Table 12: Spanish UHNWIs - Allocations and Share of HNWI Assets, 2014
Table 13: Spanish Income Tax Bands (EUR), 2014
Table 14: EUR per US$ Exchange Rate (%), 2010-2019
Table 15: Spanish Real GDP Growth (%), 2010-2019
Table 16: Spanish GDP Per Capita (US$), 2010-2019
Table 17: Spanish Domestic Market Capitalization (US$ Billion), 2010-2014
Table 18: Spanish Commodity Indices, 2010-2019
Table 19: Spanish Foreign Direct Investments (US$ Billion), 2007-2011
Table 20: Spanish Inflation Rate (%), 2010-2019
Table 21: Spanish Money Market Rate (%), 2010-2019
Table 22: Spanish Balance of Payments (US$ Billion), 2010-2014
Table 23: Spanish Government Debt as a Percentage of GDP (%), 2010-2019
Table 24: Spanish Stock Market Performance, 2010-2014
Table 25: Spanish HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 26: Spain - Appendix One
Table 27: Spain - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Spain
Figure 3: Spain Asset Price Performance (US$), 2010-2014
Figure 4: Spanish HNWI Performance (US$), 2010-2019
Figure 5: Spanish vs. Global HNWIs (US$), 2010?2014
Figure 6: Spanish HNWIs - Asset Class Composition (%), 2010-2019
Figure 7: Spanish HNWIs - Trends in Alternative Assets (US$ Billion), 2010-2019
Figure 8: Spanish Trends in Art, Wine and Wheels, 2010-2014
Figure 9: Spanish HNWIs - Foreign Investment Allocation and Growth (%), 2014
Figure 10: Spanish HNWIs - Global Distribution of Foreign Investments (%), 2010-2019
Figure 11: Spanish HNWIs - Liquidity Breakdown (%), 2010-2019
Figure 12: Spanish UHNWIs - Asset Class Composition, 2010-2019
Figure 13: EUR to US$ Exchange Rate (%), 2010-2019
Figure 14: Spanish Real GDP Growth (%), 2010-2019
Figure 15: Spanish GDP Per Capita (US$), 2010-2019
Figure 16: Spanish Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 17: Spanish Commodity Indices, 2010-2019
Figure 18: Spanish Foreign Direct Investments (US$ Billion), 2007-2011
Figure 19: Spanish Inflation Rate (%), 2010-2019
Figure 20: Spanish Money Market Rate (%), 2010-2019
Figure 21: Spanish Balance of Payments (US$ Billion), 2010-2014
Figure 22: Spanish Government Debt as a Percentage of GDP (%), 2010-2019
Figure 23: Spanish Stock Market Performance, 2010-2014
Figure 24: Spanish HNWI Wealth vs GDP Ratio (%), 2010-2019
Figure 25: Spanish HNWIs - Volume by Wealth Band, 2010-2019
Figure 26: Spanish HNWIs - Wealth by Wealth Band (in US$ Billions), 2010-2019
Figure 27: Spanish HNWIs - Wealth Per Capita (in US$ Millions), 2010-2019
