In a rich vein

Posted online: Tuesday, Jun 17, 2014 at 0000 hrs
As the debate over global polarisation of wealth rages on, one thing is certain: More people are becoming wealthy. Wealth held by all segments above $1 million is projected to grow by at least 7.7% per year through 2018, compared with an average of 3.7% per year in segments below $1 million. Globally, the growth of private wealth was driven by returns on existing assets; and asset allocations shifted significantly towards a higher share of equities.