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Uhnwi In Emerging Markets – They Still Think, Act And Invest Differently

Author

Listed:
  • Urban Bacher

    (Hochschule Pforzheim University, Federal Republic of Germany)

  • Kai L. Stober

    (Chief of Staff PB COO in Credit Suisse JSC, Zürich, Swiss Confederation)

Abstract

Extremely affluent investors differ in a number of ways. In industrialized countries the average age of UHNWI is rather high, their wealth is frequently inherited and the investment style if more conservative. In contrast, UHNWI in emerging markets are comparatively young, they have created their wealth themselves, and they strive for further growth also in terms of their investment style, which means they are less risk averse. It is still the case that UHNWI in emerging markets think, act and invest in a different way.

Suggested Citation

  • Urban Bacher & Kai L. Stober, 2013. "Uhnwi In Emerging Markets – They Still Think, Act And Invest Differently," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 9, pages 481-492.
    • Handle: RePEc:osi:journl:v:9:y:2013:p:481-492
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    More about this item

    Keywords

    UHNWI; HNWI; extremely affl uent individuals; emerging markets; BRIC; investment style; risk-return profi le; the Next Eleven countries; entrepreneur; inheritance; private wealth; Forbes Report ; Wealth-X-Report;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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