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UK’s HNWI wealth expected to reach USD3.4 trillion by 2018, says new report

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There were 675,139 high net worth individuals (HNWIs) in the UK in 2013, holding USD2.5 trillion in wealth or USD3,769,324 per individual.   

In 2013, the UK’s HNWI numbers rose by 2.8 per cent, following a 1.2 per cent decrease in 2012. Growth in HNWI wealth and volumes is expected to improve over the forecast period.
 
The number of UK high net worth individuals (HNWIs) is forecast to grow by 12.7 per cent to reach 783,549 by 2018, and HNWI wealth is expected to grow by 27.0 per cent, to reach USD3.4 trillion by 2018, according to Market Research Report’s UK Wealth report 2014.
 
In 2013, equities was the largest asset class for UK HNWIs, with 28.6 per cent of total HNWI assets, followed by business interests with 25.4 per cent, real estate with 17.5 per cent, fixed-income with 15.8 per cent, cash and deposits with 6.7 per cent, and alternatives with 6.0 per cent. Equities, real estate and alternatives recorded growth at respective review-period rates of 47.3 per cent, 32.8 per cent and 32.3 per cent. Alternative assets held by UK HNWIs increased during the review period from 5.8 per cent of total HNWI assets in 2009 to 6.0 per cent in 2013.
 
HNWI allocations to commodities increased from 1.1 per cent of total assets in 2009 to 1.4 per cent in 2013. Allocations in commodities are expected to decline over the forecast period, reaching 1.0 per cent of total HNWI assets by 2018, as global liquidity tightens from an expected drop in demand from China for raw materials, which will cause global commodity prices to flatten. In 2013, UK HNWI liquid assets amounted to USD1.3 trillion, representing 51.2 per cent of wealth holdings.

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