You obtain obtain Zurich - for art, watches, rare wines, vintage and other offbeat investments that set pulses racing in advanced 2010 as wealth recovered levels of the world's super rich are by the financial crisis a report Wednesday said.
But most are millionaires still plays it safe, keep much of their money in safe assets such as cash and squeezing profit margins for wealth managers, the latest Merrill Lynch CapGemini world wealth report. While markets recover some investors range as shares had tried to continue to hold $18.6 billion or 43.5% their wealth in conservative instruments such as bonds or cash back into riskier assets.
Increasing prosperity in emerging markets, especially in Asia-the Europe of millionaires and prosperity in the year ubertroffen-- a revival in the art and luxury markets helped boost investment, said the authors of the report.
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In times of low interest rates and volatile equity markets provide alternative investments investors through the purchase of assets with low correlation to global financial markets offers to diversify potential protection from market turbulence.
Almost a third of these investments were luxury collectables such as fancy cars, boats and aircraft in 2010. Chinese demand for expensive cars, the Mercedes-Benz and Ferrari (part of Fiat) jumped in the past year, according to the report.
Individual tastes tend to be to determine whether a millionaire in cars, watches, or wine, invest, while works of art are rather on its potential value to be purchased, wrote the authors.
"Newly wealthy Chinese buyer has widely, bidders and buyers in galleries and auction houses interested, above all, that quickly reduce to purchase supplies of works of local artists", said the authors of the report.
Art lovers seemed, to high prices at Art Basel, world's fair of modern and contemporary art willing to pay top of what's on the art market crisis is Summit last week, back.
In the meantime, demand for diamond and gold jewelry and coins benefited from rising prices for these commodities.
Investors were particularly keen on the expensive gems "Record prices for diamonds at international auction in 2010 exemplified the investments as safe and fast-growing growing trend among the world's large to large diamond to see alternative", according to the report, adds Russian, and in the Middle East.
Uncertainty abounds
According to the report decreased wealth management margins 320 basis points in 2010, add to a steady decline, the 2006 started.
"This has occurred, as a company (staff) costs increased compensation provisions absorbed and invested in conservative instruments, while investors remained strong to generate the limited charges," according to the report.
"High net worth individuals remain uncertain that markets will remain stable and, that is the financial crisis over, and they fear that new, unforeseen systemic shocks arising," according to the report.
This continued, anxiety under the world Empire partly reflects a continuing distrust of markets and regulatory agencies, the survey said.
It was said that only 44 percent of rich people believe in oversight bodies and almost one-third "actively distrusted" watchdogs have.
Before the financial crisis investment products were popular higher margin like hedge funds rich investors.
The market crash, after the failure of Lehman Brothers and fallout of the Madoff scandal many investors nursing heavy losses and risk taking leave has however still not recovered.
Allocations to alternative investments dipped to 5 per cent in 2010, from 6 percent in the previous year and 10 per cent in 2006 before the crisis hit.
But while additions to relatively risky assets still wealthy crisis levels, the survey found that more of their money had assigned millionaires shares during 2010.
By the end 2010 detained 33 percent of their investments in shares, sufficient investors 29 percent a year earlier, so the report, the prediction that the share is expected to further increase, if the global economy continues to recover.
Allocations to emerging markets remained flat, but only if rich investors poured into the first 11 months of the year prior to the sale to profits than the year record quantities in the sector
Copyright 2011 Thomson Reuters.
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