GCC wealth flowing from personal to corporate assets
The third annual Invesco Middle East Asset Management Study shows that strong corporate returns are constraining the flow of year-on-year capital within family offices in the Gulf Cooperation Council (GCC) from personal assets to corporate (family business) assets.
Two-fifths (40%) of family offices interviewed noted a strong shift from personal to corporate assets. Moreover, high net-worth assets in the Middle East account for nearly 4% of the global high-net-worth asset pool.
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