7Īlthough part of this focus on global investment opportunities can be attributed to the natural preference among younger investors for growth, it is noticeable that their enthusiasm is backed by their business peers. is a particularly high-profile example of a country where a long-standing preference for investments in local markets appears set to be transformed. According to a survey commissioned by RBC Wealth Management 5 and conducted by The Economist Intelligence Unit (EIU), younger HNWIs are substantially more enthusiastic about foreign investing. A more globalised investor emergesĭespite rising economic concerns and a tradition of investor home bias 4 in large parts of the world, the new landscape of wealth appears less interested in borders. 3 Whatever the drivers, the landscape of wealth is changing-from local to global, and from one focused on returns to one founded on personal values.
In other instances this shift will reflect shared characteristics, as demonstrated by the greater popularity of overseas investing among younger high-net-worth individuals (HNWIs 2) brought up in an era of globalisation.
In some instances the impact of this shift will be shaped by local factors, such as demographic changes. By 2030 the share of global wealth held by Baby Boomers will be surpassed by Gen X and Millennials 1-cohorts brought up in a far more interconnected, technologically savvy and globalised age. The world of wealth is witnessing a historic transformation.
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