Based on our proprietary datasets, this report analyzes Indonesia's wealth and retail savings and investments markets, including overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.
In 2021, Indonesia's affluent segment (including HNW and mass affluent individuals) accounted for 0.65% of the total population but more than 90% of the country's total onshore liquid assets. Economic recovery in 2021 resulted in a rebound in stock market valuations. As a result, affluent individuals' liquid assets are set to have risen by 4.5% in 2021, while the liquid assets of HNW individuals grew by 7.8%. Deposits account for the largest share of the Indonesian retail savings and investment portfolio, constituting more than 72% of overall balances. Between 2022e and 2026f, we expect the retail savings and investments market to record a compound annual growth rate (CAGR) of 6.9%. This will mainly be driven by bonds, which are forecast to expand at a CAGR of 12.7% over 2022e-26f.
In 2021, Indonesia's affluent segment (including HNW and mass affluent individuals) accounted for 0.65% of the total population but more than 90% of the country's total onshore liquid assets. Economic recovery in 2021 resulted in a rebound in stock market valuations. As a result, affluent individuals' liquid assets are set to have risen by 4.5% in 2021, while the liquid assets of HNW individuals grew by 7.8%. Deposits account for the largest share of the Indonesian retail savings and investment portfolio, constituting more than 72% of overall balances. Between 2022e and 2026f, we expect the retail savings and investments market to record a compound annual growth rate (CAGR) of 6.9%. This will mainly be driven by bonds, which are forecast to expand at a CAGR of 12.7% over 2022e-26f.
Scope
- Advisory mandates dominate the Indonesian HNW wealth market.
- Deposits remain the most popular investment avenue for Indonesian individuals, indicating their preference for safe-haven investment asset classes.
- Mutual funds accounted for just 3.8% of retail investment portfolios in 2021.
Reasons to Buy
- Make strategic decisions using top-level historic and forecast data on Indonesia's wealth industry.
- Identify the most promising client segments by analyzing the penetration of affluent individuals.
- Receive detailed insight into retail liquid asset holdings in Indonesia.
- Understand changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
- See an overview of key digital disruptors in the country's wealth market.
Table of Contents
- The Indonesian Wealth Market
- Investor Insight
- Resident Savings and Investments
- Digital Disruptors
- Recent Deals
- Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank Rakyat Indonesia (Persero)
- Bank Central Asia
- Bibit
- Halofina
- Allianz Global Investors
- PT Bareksa Portal Investasi
- PT Moduit Digital Indonesia
- PT Ajaib Sekuritas Asia
