MOSCOW, September 23 (RIA Novosti) – According to the Global Wealth Report, the wealth of private households worldwide grew by 9.9 percent in 2013 making it the highest rate since 2003, Europe’s largest insurance company Allianz SE said Tuesday.
“The global gross financial assets of private households grew by 9.9 percent in 2013, the highest rate of growth since 2003 … assets rise to new record high of 118 trillion euros,” Allianz informed.
“Growth was driven by the exceptional stock market performance witnessed in Japan, the US and Europe: assets held as securities gained 16.5 percent - even more than in the years immediately prior to the outbreak of the financial crisis.”
According to Allianz, the top five countries rated by net per capita financial assets in 2013 were Switzerland, the United States, Belgium, Netherlands and Japan. As for emerging markets, “asset growth slowed due to the turbulence on the local capital and currency markets.”
Global net financial assets even witnessed double-digit growth of 12.4 percent in 2013.
Allianz SE is one of the leading insurance companies in the world. It operates in Russia, where it is represented by Allianz, Allianz Life, Medexpress and ROSNO-MS.
