中欧および東欧における資産運用市場

Introduction

Central and Eastern European Wealth Management 2004 sizes the mass affluent and high net worth markets across Hungary, the Czech Republic and Poland, investigating the major competitive trends. It also provides extensive forecasts for the mass affluent and high net worth sectors through 2007, allowing the reader to understand both the current state and future potential of the specific countries.

Scope of this report

• Report covers Czech Republic, Hungary and Poland
• Onshore liquid wealth is segmented into nine asset bands from EUR50,000 to 3,000,000+ from 1998 to 2002 and forecast to 2007
• The macroeconomic and savings and investment data was collected directly from governmental sources such as the Czech National Bank
• Sizing and forecasting of mass affluent and high net worth individuals were generated from Datamonitor's proprietary Global Wealth Model

Research and analysis highlights

The countries of Central and Eastern Europe represent an attractive opportunity for wealth managers due to their relatively high national saving ratios. In comparison to the UK, with a national saving ratio of 13.1%, individuals in all three Central and Eastern European countries save, on average, a far greater proportion of their disposable income

Central and Eastern Europe has long been a target for foreign banks due mainly to the regeneration and privatization of the banking sector following the collapse of the Communist bloc. Consequently the banking sectors in Poland, Hungary and the Czech Republic are all open and competitive but are now heavily dominated by foreign banks.

Poland has the greatest proportion of mass affluent individuals as a percentage of the general population. In fact, Polish mass affluent liquid assets account for nearly 70% of all mass affluent liquid assets in CEE.

Key reasons to read this report

• This report forecasts the market to 2007, allowing competitors to plan strategies on the basis of detailed market information
• Allows wealth managers to monitor threats and opportunities posed by their main competition
• Determines which CEE countries are most attractive in terms of the size and composition of their potential market

List of Tables

Table 1: Local Czech wealth manager product offerings

Table 2: Foreign competitors present in the Czech market and their offerings

Table 3: Hungarian wealth manager product offerings

Table 4: Foreign competitors present in the Hungarian banking market

Table 5: Polish wealth managers are mainly owned by foreign players, November 2003

Table 6: Foreign banks present in the Polish banking market

Table 7: Population at year end, 1998-2002

Table 8: Real GDP, 1998-2002

Table 9: Real GDP growth, 1998-2002

Table 10: Foreign direct investment, 1999-2002

Table 11: Foreign direct investment as a per cent of GDP, 1999-2002

Table 12: Stock exchange performance (as measured by major index), 1998-2003

Table 13: Stock exchange performance year-on-year growth (as measured by major index), 1999-2003

Table 14: Income inequality, as measured by Gini Index and income distribution, 1996, 1998

Table 15: National savings ratio, 1999-2003

Table 16: National savings ratio, 2004f-7f

Table 17: Retail savings and investments market actual, 1998-2002

Table 18: Retail savings and investments market actual, 2003-7f

Table 19: Mass affluent individuals, 1998-2002

Table 20: Mass affluent liquid wealth, 1998-2002

Table 21: Mass affluent individuals, 2003-7f

Table 22: Mass affluent liquid wealth, 2003-7f

Table 23: High net worth individuals, 1998-2002

Table 24: High net worth liquid assets, 1998-2002

Table 25: High net worth individuals, 2003-7f

Table 26: High net worth liquid wealth, 2003-7f

Table 27: Wealth markets that have been modeled using the Global Wealth Model

List of Figures

Figure 1: Methodology diagram and report structure

Figure 2: GDP growth has tapered off across Central and Eastern Europe since 2000

Figure 3: Foreign direct investment has fluctuated significantly in CEE, 1999-2002

Figure 4: After significant drops in 2000-1, the CEE exchanges are once again reaching their 1999 levels

Figure 5: National savings ratios are forecast to increase in all three CEE countries

Figure 6: Over a third of all individual income is generated by the top 20% of the population in the CEE

Figure 7: Poland's savings and investments balances dwarf those of its neighbors

Figure 8: Poland's mass affluents will stagnate in 2003-5 before climbing again, while Hungarian and Czech mass affluents will grow steadily

Figure 9: Polish mass affluent liquid assets account for nearly 70% of all mass affluent liquid assets in CEE

Figure 10: Poland's high net worth population dwarfs its Czech and Hungarian neighbors, although growth to 2007 will be somewhat volatile

Figure 11: Hungary's and the Czech Republic's high net worths will see their liquid assets grow more steadily than Polish high net worth liquid assets to 2007