It is the fastest growth rate in over a decade.

It is the fastest growth rate in over a decade.
Apac’s rich are likely to allocate more of their wealth to private equity funds.
Driven by mainland investors, the global asset management industry in 2017 had the strongest growth in a decade, according to a new BCG report.
Assets in China’s online wealth management have grown 50% annually over the past five years, according to the consulting group.
FSA presents a selection of research commentary released this week.
The investable assets among high net worth individuals (HNWIs) in China are expected to double to RMB 111trn ($16trn) in 2021, from RMB 54trn last year, according to a report from The Boston Consulting Group and Industrial Bank.
Market volatility, interest rates and yuan depreciation are driving Chinese investors into offshore investments, said David He, partner and managing director of Boston Consulting Group.
Asia-Pacific is expected to overtake North America as the region with the largest amount of private wealth by 2016, according to a report by the Boston Consulting Group.
Part of the Mark Allen Group.