Wealth in Turkey: Sizing the Market Opportunity; Sizing the wealth market in Turkey and its growth potential.

Published: May 2016
No. of Pages: 37
    ReportsandReports

Summary

While growth in Turkey's economy has slowed thanks to a number of economic and geopolitical challenges, the country's small affluent population will continue to increase at a healthy rate. The retail savings and investments market is dominated by deposits, though stronger growth is predicted for the smaller asset classes such as equities and mutual funds. The offshore market remains important, accounting for around 25% of HNW portfolios, with tax efficiency and client anonymity the primary drivers for holding assets overseas.

Key Findings

  • In 2015, 2.3% of Turkey's population was affluent, with the number of affluent individuals forecast to increase by 11% a year between 2015 and 2019.
  • The mass affluent currently hold the bulk of the country's wealth (61.3% of liquid assets). Total affluent assets are expected to continue to grow in line with the number of affluent individuals over the next five years, rising by 10% a year to reach $435bn by 2019.
  • Strong growth will continue in the country's relatively undeveloped savings and investments market. Deposits still dominate (88.2% of assets in 2015) due to structural factors, the taxation regime, and consumer preferences.
  • Relatively strong growth is predicted for smaller asset classes (7% a year for equities and 8% a year for mutual funds to 2019) as Turkey's capital markets begin to mature, but these classes will remain only a small proportion of the overall portfolio.
  • Property remains a vital component of wealth portfolios. Turkish HNW individuals hold 17% of their investible assets outside traditional investments, with just under half of these assets held in direct property investments. Turkey has the highest share of alternative investments allocated to direct property among the countries included in Verdict Financial's Global Wealth Managers Survey.
  • Offshore investments account for around 25% of HNW portfolios, with assets mainly in the US and Germany.

Synopsis

Wealth in Turkey: Sizing the Market Opportunity analyzes the Turkish wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.

Specifically the report:

  • Sizes the affluent market (both by the number of individuals and value of their liquid assets) using Verdict Financial's proprietary datasets
  • Analyzes which asset classes are favored by Turkish investors and how their preferences impact the growth of the total savings and investments market
  • Examines HNW clients' attitudes towards non-liquid investments, such as property and commodities
  • Identifies key drivers and booking centers for offshore investments

Reasons To Buy

  • Benchmark your share of the Turkish wealth market against the current market size
  • Forecast your future growth prospects using our projections for the market to 2019
  • Identify your most promising client segment by analyzing the penetration of affluent individuals in Turkey- both at country and regional level
  • Evaluate your HNW proposition by understanding how the Turkish tax systems will impact HNW clients
  • Review your offshore strategy by uncovering the HNW motivations for offshore investments and their preferred booking centers

Published By: Verdict
Product Code: Verdict152


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Household Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Household Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK household insurance, including: The UK household insurance business growth prosp...

  • Global Travel Insurance Industry 2016 Market Research Report

    The Global Travel Insurance Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Travel Insurance industry. The report provides a basic overview of the industry including definitions and classificat...

  • Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including: ...

  • The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021

    Synopsis Timetric's 'The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Cambodian cards and payments industry, including: Current an...

  • Global Automotive Usage-Based Insurance Market 2017-2021

    The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in a...

  • Consumer Payments Country Snapshot: Sweden 2016

    Summary Sweden has the potential to become the world's first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. Payment cards are widely held and widely us...

  • Maximizing Direct-to-Consumer Opportunities in Insurance

    Synopsis Timetric's 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the emerging importance of the direct-to-consumer (D2C) channel in the insurance industry. It provides: An overview of the D2C c...

  • Retail Banking Country Snapshot: Italy 2016

    Summary The market for financial products in Italy is less concentrated than in other countries. With the exception of Intesa Sanpaolo and UniCredit, few providers have a significant market share. Across all products, the branch is still the key acq...

  • 2017: Trends to Watch in Global Wealth Management

    Summary The wealth management industry has been undergoing transformation since the financial crisis, and 2017 will be another year marked with changes to business models and the way providers interact with clients. Many trends observed in 2016 will...

  • Global Loan Servicing Market 2017-2021

    Loan servicing software functions as a complete loan servicing system, transaction processing and banking, investor accounting, collection management system, credit reporting software, and electronic funds automated clearing house (ACH) payments and ...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: