HNWI Asset Allocation in Italy 2015

Published: Feb, 2015 | Pages: 64 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis

This report provides the latest asset allocations of Italy HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Italy HNWIs to 2019 and a comprehensive and robust background of the local economy.

Summary
 This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in Italy.

 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.

Scope
 Independent market sizing of Italy 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

Reason To Buy
 The HNWI Asset Allocation in Italy 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
 In 2014, real estate was the largest asset class for Italian HNWIs, with 25.6% of total HNWI assets, followed by equities with 17.8%, fixed-income with 16.3%, cash and deposits with 15.7%, business interests with 14.3% and alternatives with 10.3%.

 Equities, business interests and alternatives recorded review-period growth of 51.0%, 22.6% and 13.6% respectively. 

 Alternative assets held by Italian HNWIs decreased during the review period, from 10.4% of total HNWI assets in 2010 to 10.3% in 2014; HNWI allocations to commodities increased from 1.4% to 1.5% of total assets over this period. 

 WealthInsight expects allocations in commodities to decline over the forecast period, reaching 1.4% of total HNWI assets by 2019, as global liquidity tightens due to a forecast near-term drop in demand for raw materials from China. This will cause global commodity prices to flatten out.

 Italian HNWI liquid assets amounted to US$552.2 billion as of 2014, representing 49.8% 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 Italy's Wealth in Context
3.3.1 Distribution of wealth in Italy
3.4 HNWI Volume and Wealth Trends
4 Analysis of Italian 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 Investments trends 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 Italian UHNWI Investments
5 Appendix
5.1 Additional Components of the Wealth Sector in Italy
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 TablesTable 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in Italy (Thousand), 2014
Table 3: Italian Allocations of HNWI Assets (%), 2010-2019
Table 4: Italian HNWIs ? Holdings Growth (%), 2010-2019
Table 5: Italian HNWIs - Alternative Asset Composition (%), 2010-2019
Table 6: Italian HNWIs - Trends of Investments in Alternative Assets (%), 2010-2019
Table 7: Italian Trends in 'Art, Wine and Wheels', 2010-2014
Table 8: Global Prime Real Estate Prices per m² (US$), 2012
Table 9: Italian HNWIs - Percentage of Foreign Investment Allocations, 2010-2019
Table 10: Italian HNWIs - Liquidity Breakdown (US$ Billion), 2010-2019
Table 11: Italian HNWIs - Liquidity Breakdown (%), 2010-2019
Table 12: Italian UHNWIs - Allocations and Share of HNWI Assets, 2014
Table 13: Italian Income Tax Bands (EUR), 2014
Table 14: EUR per US$ Exchange Rate (%), 2010-2019
Table 15: Italian Real GDP Growth (%), 2010-2019
Table 16: Italian GDP Per Capita (US$), 2010-2019
Table 17: Italian Domestic Market Capitalization (US$ Billion), 2010-2014
Table 18: Italian Commodity Indices, 2010-2019
Table 19: Italian Foreign Direct Investments (US$ Billion), 2007-2011
Table 20: Italian Inflation Rate (%), 2010-2019
Table 21: Italian Money Market Rate (%), 2010-2019
Table 22: Italian Balance of Payments (US$ Billion), 2010-2014
Table 23: Italian Government Debt as a Percentage of GDP (%), 2010-2019
Table 24: Italian Stock Market Performance, 2010-2014
Table 25: Italian HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 26: Italy - Appendix One
Table 27: Italy - Appendix Two

List of Figures
Figure 1: HNWI Wealth Band Definitions 5
Figure 2: Map of Italy 6
Figure 3: Italy's Asset Price Performance (US$), 2010-2014 15
Figure 4: Italian HNWI Performance (US$), 2010-2019 16
Figure 5: Italian vs. Global HNWIs (US$), 2010?2014 17
Figure 6: Italian HNWIs - Asset Class Composition (%), 2010-2019 18
Figure 7: Italian HNWIs - Trends in Alternative Assets (US$ Billion), 2010-2019 21
Figure 8: Italian Trends in 'Art, Wine and Wheels', 2010-2014 22
Figure 9: Italian HNWIs - Foreign Investment Allocation and Growth (%), 2014 27
Figure 10: Italian HNWIs - Global Distribution of Foreign Investments (%), 2010-2019 28
Figure 11: Italian HNWIs - Liquidity Breakdown (%), 2010-2019 31
Figure 12: Italian UHNWIs - Asset Class Composition, 2010-2019 32
Figure 13: EUR to US$ Exchange Rate (%), 2010-2019 38
Figure 14: Italian Real GDP Growth (%), 2010-2019 39
Figure 15: Italian GDP Per Capita (US$), 2010-2019 40
Figure 16: Italian Domestic Market Capitalization (US$ Billion), 2010-2014 41
Figure 17: Italian Commodity Indices, 2010-2019 42
Figure 18: Italian Foreign Direct Investments (US$ Billion), 2007-2011 43
Figure 19: Italian Inflation Rate (%), 2010-2019 44
Figure 20: Italian Money Market Rate (%), 2010-2019 45
Figure 21: Italian Balance of Payments (US$ Billion), 2010-2014 46
Figure 22: Italian Government Debt as a Percentage of GDP (%), 2010-2019 47
Figure 23: Italian Stock Market Performance, 2010-2014 48
Figure 24: Italian HNWI Wealth vs GDP Ratio (%), 2010-2019 49
Figure 25: Italian HNWIs - Volume by Wealth Band, 2010-2019 52
Figure 26: Italian HNWIs - Wealth by Wealth Band (in US$ Billions), 2010-2019 52
Figure 27: Italian HNWIs - Wealth Per Capita (in US$ Millions), 2010-2019 53