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Mobile millionaire expats prefer shares and real estate investments
| Published: | 18 Dec at 6 PM |
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A recent survey claims that wealthy expats with mobile lifestyles are ignoring alternative investments in favour of more traditional real estate and share trading investments.
The survey of ‘Internationally Mobile Wealthy Individuals’ and their investment habits was carried out by the Economist Intelligence Unit, and focused on those with at least one million US dollars in investible assets who spent over half the year outside their home countries. More than half those surveyed listed real estate as a favourite investment taking up much of their portfolio.
Almost a third of Asia-Pacific-based respondents include real estate in their portfolios, against 10 per cent in Western Europe and just seven per cent of American mobile millionaires. Taking it still further, Singaporeans at 29 per cent and Britons at 27 per cent are those most likely to have three or more homes in different countries, against nine per cent of US millionaires and 18 per cent of Canadians.
Around the same percentages of those surveyed also revealed a preference for shares, with 46 per cent holding domestic equities and 36 per cent holding global equities as a major part of their portfolios. Only 21 per cent favoured precious metals, and antiques and artworks were out of favour at just 13 per cent.
More than 25 per cent of those surveyed expressed an intention to leave a proportion of their assets to charity, with 33 per cent willing their total assets to their families. Most Americans had made wills, with half of those born in the UK having set up inheritance trusts and 33 per cent overall admitting they hadn’t made a will as yet.
The survey of ‘Internationally Mobile Wealthy Individuals’ and their investment habits was carried out by the Economist Intelligence Unit, and focused on those with at least one million US dollars in investible assets who spent over half the year outside their home countries. More than half those surveyed listed real estate as a favourite investment taking up much of their portfolio.
Almost a third of Asia-Pacific-based respondents include real estate in their portfolios, against 10 per cent in Western Europe and just seven per cent of American mobile millionaires. Taking it still further, Singaporeans at 29 per cent and Britons at 27 per cent are those most likely to have three or more homes in different countries, against nine per cent of US millionaires and 18 per cent of Canadians.
Around the same percentages of those surveyed also revealed a preference for shares, with 46 per cent holding domestic equities and 36 per cent holding global equities as a major part of their portfolios. Only 21 per cent favoured precious metals, and antiques and artworks were out of favour at just 13 per cent.
More than 25 per cent of those surveyed expressed an intention to leave a proportion of their assets to charity, with 33 per cent willing their total assets to their families. Most Americans had made wills, with half of those born in the UK having set up inheritance trusts and 33 per cent overall admitting they hadn’t made a will as yet.
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