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The Malaysian Wealth Market 2006Published by: Datamonitor Published: Jan. 4, 2007 - 49 Pages Table of ContentsTABLE OF CONTENTS CHAPTER 1 INTRODUCTION 9 What is this report about? 9 Who is the target reader? 9 How to use this report 9 CHAPTER 2 MACROECONOMIC OVERVIEW 11 Market comparisons 11 The four economies 11 Inflation and consumer prices 14 Population and unemployment 15 CHAPTER 3 THE MALAYSIAN WEALTH MARKET 18 Market background 18 Savings and investments 18 Size of the affluent market 20 Financial services and the regulatory environment 24 Financial services 24 Capital markets 25 Competitive dynamics 27 The local players 27 The foreign players 28 Developments in 2006 28 November 2006 - CIMB launches Malaysian fund-of-funds 31 Future focus 33 The affluent outlook 33 CHAPTER 4 APPENDIX 37 Data 37 Definitions 42 AAGR 42 Affluent 42 CAGR 42 Gini index 42 Liquid assets 43 Liquid asset bands 43 Research methodology 44 The Global Wealth Model 45 The UK sub model 45 Asia-Pacific sub model 45 Forecasting methodology 45 Datamonitor’s wealth numbers compared with others’ numbers 46 Bespoke Wealth Market Sizing 47 Further reading 48 Datamonitor Asia-Pacific Wealth Reports 48 Datamonitor Asia-Pacific Insight Reports 48 Datamonitor Global Wealth Service: Competitor Tracking 48 Asia-Pacific contacts 49 LIST OF TABLES Table 1: The local players have a much larger share of the Malaysian banking market than the foreign players 28 Table 2: Sectoral breakdown of GDP in Malaysia, Thailand, South Korea and Taiwan, 2005 37 Table 3: Indexed GDP growth, 1999=100 37 Table 4: TypeTableTitleHere 37 Table 5: Consumer Price Indices of Malaysia, Thailand, South Korea and Taiwan, 2000-2005 38 Table 6: Rate of unemployment in Malaysia, Thailand, South Korea and Taiwan, 2000-2005 38 Table 7: Population breakdown by age in Malaysia, Thailand, South Korea and Taiwan, 2005 38 Table 8: Malaysian retail savings and investments, 2000-2005 39 Table 9: Onshore liquid wealth owned by individuals in Malaysia, 2001-2005 39 Table 10: Number of affluent individuals in Malaysia, 2001-2005 40 Table 11: Onshore liquid wealth owned by individuals in Malaysia, 2006-2010 40 Table 12: Number of affluent individuals in Malaysia, 2001-2005 41 Table 13: Wealth markets that have been modelled using the Global Wealth Model 47 LIST OF FIGURES Figure 1: Report structure and research model 10 Figure 2: A sectoral breakdown of the four economies reveals varying reliance on the services sector, with Taiwan’s economy being the most reliant 12 Figure 3: After a slow 2000-2002, the Malaysian economy grew rapidly between 2001 and 2005 13 Figure 4: Malaysia’s economy is the smallest of the four but saw good average annual growth over the 2001-2005 period 14 Figure 5: All four economies have seen low inflation of consumer prices over the 2000-2005 period 15 Figure 6: Of the four countries Malaysia has the youngest population profile 16 Figure 7: All four countries have low unemployment on a global scale, with Thailand’s rate the lowest in 2005 17 Figure 8: Retail savings and investments outgrew GDP growth over the 2000-2005 period 19 Figure 9: The investible assets of affluent individuals in Malaysia amounted to more than USD112bn at the end of 2005 21 Figure 10: The number of those with between USD60,000 and USD500,000 grew at an average annual rate of 9.4% between 2000 and 2005 22 Figure 11: The number of individuals with more than USD500,000 in investible assets grew by 8,600 between 2000 and 2005 23 Figure 12: Mass affluent individuals with between USD60,000 and USD500,000 will own almost half of all retail liquid assets in 2010 33 Figure 13: The number of individuals with between USD60,000 and USD500,000 in investible assets will grow by almost 40% between 2005 and 2010 34 Figure 14: The overall liquid wealth of affluent individuals will grow at a rate of 8.1% compounded annually over the 2005-2010 period, primarily benefiting the most affluent individuals 35 Figure 15: The fastest growing high net worth sub-segment over the 2005-2010 period will be that composed of individuals with USD3m-4m in onshore liquid assets 36 AbstractIntroductionThe Malaysian Wealth Market 2006 is Datamonitor’s guide to the affluent wealth landscape in Malaysia. Following the popularity of Datamonitor’s recent research in the Indian and Chinese markets, the report explores one of the less high-profile emerging wealth markets in the Asia-Pacific region. Scope Data was collected directly from governmental sources such as central banks, mutual fund associations and stock exchanges. Insight into the respective financial services market was obtained through in-depth interviews with the main wealth managers and private bankers. Sizing and forecasting of high net worth individuals was generated by Datamonitor's proprietary Global Wealth Model Report Highlights In 2005 inflation picked up to 3.1%, driven by the government’s raising of gasoline prices to cut the amount it pays to subsidize fuel costs. The government also increased taxes on tobacco and alcohol to help trim the budget deficit. There is some consensus that it is not the high net worth individuals that are the key to the Malaysian market. Rather, it is those individuals with more than EUR100,000 (USD130,000) that are the most attractive market segment. For local banking players like Alliance, it is important that they are prepared to face foreign competition head on when it enters at the end of 2006. The provision of wealth management and advisory services is likely to be a key area of improvement for these local players if they are to hang on to their affluent clients going forward. Reasons to Purchase Find out why Malaysia is an attractive market and its advantages over other emerging economies. Find out how large the market is now and how large it will be in 2010 Find out how big the gaps are and what the opportunities for growth will be going forward Get Full Details About This Report >> |
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