Rajesh Kannan of Standard Chartered Bank on Investment Trends for the Ultra-Rich
Rajesh Kannan, a top executive at Standard Chartered Bank, shares insights on where the ultra-rich are investing, focusing on global equities, real estate, and gold.
Global EquitiesReal EstateUltrarichStandard Chartered BankGoldReal Estate NewsOct 24, 2024
At Standard Chartered Bank, Indians globally are investing in a wide range of diversified products, including global equities, emerging markets equity, and the highly popular US markets. The number of global Indians has been on the rise, expected to grow at a robust rate of 10-15% annually. This growth is driven by several factors, including digital advertising and referral networks, which help the company expand its client base.
Kannan also delved into the trends in real estate and gold, two traditional investment options favored by the ultra-rich. Real estate remains a popular choice due to its potential for long-term appreciation and consistent returns. Gold, on the other hand, is often seen as a safe haven asset, providing a hedge against economic uncertainties and market volatility.
Standard Chartered Bank, a leading international banking group, has a strong presence in over 60 markets across Africa, Asia, and the Middle East. The bank is committed to providing its clients with a wide array of financial products and services, tailored to meet their unique needs and financial goals. With a focus on innovation and customer service, Standard Chartered Bank continues to be a preferred choice for the ultra-rich and affluent individuals worldwide.
In summary, the ultra-rich are diversifying their investments across global equities, emerging markets equity, US markets, real estate, and gold. These strategies not only help in wealth preservation but also in capital appreciation, ensuring long-term financial security and growth.
Frequently Asked Questions
What types of investments are popular among the ultra-rich globally?
The ultra-rich are investing in a variety of assets including global equities, emerging markets equity, US markets, real estate, and gold. These investments offer a mix of potential high returns and risk management.
How is the number of global Indians growing, and what is driving this growth?
The number of global Indians is expected to grow at a rate of 10-15% annually. This growth is driven by factors like digital advertising and referral networks, which help banks like Standard Chartered expand their client base.
Why is real estate a favored investment for the ultra-rich?
Real estate is popular because it offers long-term appreciation and consistent returns. It is also a tangible asset that can provide rental income and capital gains.
What role does gold play in the investment portfolio of the ultra-rich?
Gold is often seen as a safe haven asset, providing a hedge against economic uncertainties and market volatility. It is a reliable store of value and helps in diversifying the investment portfolio.
How does Standard Chartered Bank support the investment needs of the ultra-rich?
Standard Chartered Bank offers a wide range of financial products and services tailored to meet the unique needs of the ultra-rich. The bank's global presence and focus on innovation and customer service make it a preferred choice for affluent individuals.
Related News Articles
Indian Realty Giants Unload Properties Worth Rs 1.17 Lakh Crore in FY24
Leading real estate companies in India, such as Macrotech Developers and Signature Global, have sold properties worth a staggering Rs 1.17 lakh crore in FY24.
Soaring Demand Drives Up Property Prices in Delhi-NCR and MMR
Average housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen by nearly 50% in the last five years, driven by higher demand and infrastructural developments.
Aditya Birla Real Estate: Pune Launch on the Cards, Expanding in Thane and Sarjapur
In a recent post-earnings call, the management of Aditya Birla Real Estate Ltd, formerly known as Century Textiles and Industries Ltd, announced the upcoming launch of a new project in Pune, along with plans to expand in Thane and Sarjapur.
ACRES 2025 Showcases Over 400 Property Projects in Egypt Pavilion
Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with the Sharjah Real Estate Registration Department (SRERD), the ACRES 2025 event is set to feature an extensive array of property projects from Egypt, highlighting the cou
The 23-Year Journey: How a UP Man Purchased Dawood Ibrahim’s Mumbai Shop
Hemant Jain took a significant risk in 2001 by purchasing a Mumbai shop linked to Dawood Ibrahim. Despite numerous bureaucratic obstacles, he finally managed to register the property after a grueling 23-year battle.
What Are the Top 20 Expectations for the Budget 2025-26?
As the Union Budget 2025-26 approaches, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1 (Saturday), the real estate industry and other sectors are bracing for significant changes and potential boosts. Here’s a detailed look