Merrill Lynch: millionaires will return to the stock market in 2010

According to the 13th annual study of global prosperity (World Wealth Report), conducted by Merrill Lynch in collaboration with Capgemini, because of the crisis, the number of millionaires (those whose net assets of at least $ 1 million) in 2008 decreased at 14.9% compared to 2007 and amounted to 8.6 million people, which is below the level of 2005. The number of multimillionaires (net assets of more than $ 30 million) dropped further - to 24.6%. Because of the rapid reduction of capital, according to the researchers, part sverhbogatyh people moved to a lower category. The volume is the aggregate of the state's richest people worldwide in 2008 fell by 19.5% - to $ 32.8 trillion, which is also less than in 2005. Thus, in 2008, negative momentum completely wiped out all the stable results of the previous two years.

Negative process affected all the regions. The greatest reduction has shown the North American region - the number of rich in 2008, it fell by 19% to 2.7 million people, and the combined state of millionaires - by 22.8% to $ 9.1 trillion. Nevertheless, the negative changes are not prevented from North America to remain the leading position in both measures among all regions. When the number of millionaires in the United States is still the largest in the world - 2.5 million people or 28.7% of total amount. Together with the United States is composed of three leaders of Japan (1.37 million rich people) and Germany (810 thousand). In total, these three countries accounted for 54% of all millionaires in the world.

Improved its position moved from 5 th to 4th place in the list of countries, China (364 thousand millionaires in 2008), overtaking the United Kingdom (363 thousand). Russia is among the countries which has the largest decrease in the number of millionaires - along with Britain and Hong Kong. In Russia the number of people with major conditions decreased by 28.5% compared to 2007 and amounted to about 97 thousand people. Among the main factors contributing to such a large decrease, experts Merrill Lynch called the slowdown in real GDP of Russia in 2008 to 5.6%, and reduced market capitalization at 71,7%.

With regard to the distribution of the assets of the richest people on the types of investment, against the backdrop of the crisis and the collapse of stock market millionaires prefer perestrahovatsya, uydya in monetary assets /deposits and fixed income securities. The total share of these secure assets in 2008 increased by 6% compared to 2007 and amounted to exactly half of the investment portfolio millionaires. The most conservative politicians took from the rich in Latin America and Japan: More than 54% of their investment in 2008 came to a safe asset. Millionaires in North America last year, by contrast, held the smallest share of funds in cash and bank deposits (14% of their total portfolio).


Jean-Marie Delyuermoz, Merrill Lynch
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