UHNWI IN EMERGING MARKETS – THEY STILL THINK, ACT AND INVEST DIFFERENTLY

Urban Bacher and Kai L. Stober
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Urban Bacher: Hochschule Pforzheim University, Federal Republic of Germany
Kai L. Stober: Chief of Staff PB COO in Credit Suisse JSC, Zürich, Swiss Confederation

Interdisciplinary Management Research, 2013, vol. 9, 481-492

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.

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 (search for similar items in EconPapers)
JEL-codes: D53 G11 G15 M41 (search for similar items in EconPapers)
Date: 2013
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