High Net Worth (HNW) Offshore Investment - Drivers and Motivations 2021

1.1 Market overview
1.2 Key findings
1.3 Critical success factors

2.1 The core HNW offshore segment is growing in most markets
2.2 Portfolio preferences of HNW offshore investors

3.1 Retail offshore investors are mainly draw from developing market millennials
3.2 While many individuals have offshore accounts, few outside of the HNW client base are worth pursuing

4.1 COVID-19 encouraged more investors to offshore wealth to combat negative portfolio impacts onshore
4.2 HNW investors’ business interests drive them to offshore
4.3 Retail investors are keen to offshore for better returns

5.1 Supplemental data
5.2 Abbreviations and acronyms
5.3 Definitions
5.4 Methodology
5.5 Secondary sources
5.6 Further reading

• About the Publisher

Table 1: Top booking centers for select markets (where HNW investors are expected to offshore more AUM), 2021
Table 2: Selected markets’ rate of offshore investment among general population, 2020-21

Figure 1: Most markets expect HNW investors to increase their offshore portfolio
Figure 2: The HNW expat market is concentrated in the US and other Anglo markets
Figure 3: Indian HNW expats are the single largest nationality in the expat market
Figure 4: Globally, HNW investors favor alternatives over any other asset class
Figure 5: The equity portion of the offshore portfolio dropped considerably due to the pandemic
Figure 6: Offshore investing increased in all regions barring the Middle East and Africa
Figure 7: Offshore investment is a significant part of retail investors’ portfolios in the Americas
Figure 8: Older consumers increasingly turned offshore over the course of the pandemic
Figure 9: Offshore investment is not common among investors outside of the private wealth market
Figure 10: Unlike the onshore market, the small proportion of HNW investors dominate offshore AUM
Figure 11: Expats and individuals returning home are a core component of the offshore market
Figure 12: The connected global economy underpins offshore wealth
Figure 13: The expectation of better returns rose in importance globally in 2021 compared to 2020
Figure 14: All regions continue to favor better returns over other offshore investment drivers
Figure 15: 18-34-year-olds invest a larger proportion of their wealth offshore than any other age group