3.3 Benchmarking Italy¡¯s Wealth in Context 3.3.1 Distribution of wealth in Italy
3.4 HNWI Volume and Wealth Trends
4 Analysis of Italian HNWI Investments
4.1 Analysis by Asset Class 4.1.1 Trends in alternative assets 4.1.2 Trends in ¡®art, wine and wheels¡¯ 4.1.3 Investments trends in real estate 4.1.4 Trends of investments in cash and deposits 4.1.5 Trends of investments in fixed-income 4.1.6 Trends of investments in equity 4.1.7 Trends of Investments in business interests
4.2 Analysis of Foreign Investments 4.2.1 Investments in Europe 4.2.2 Investments in North America (Including the US, Mexico and the Caribbean) 4.2.3 Investments in the Asia-Pacific 4.2.4 Investments in South America 4.2.5 Investments in the Middle East 4.2.6 Investments in Africa
4.3 Alternative Breakdown: Liquid vs Investable Assets
4.4 Analysis of Italian UHNWI Investments
5 Appendix
5.1 Additional Components of the Wealth Sector in Italy 5.1.1 Philanthropy 5.1.2 Demand for intergenerational wealth transfer
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers 5.4.1 EUR to US$ exchange rate 5.4.2 Real GDP growth 5.4.3 Per capita GDP 5.4.4 Domestic market capitalization 5.4.5 Commodity index 5.4.6 Foreign direct investments – inflow and outflow 5.4.7 Inflation rate 5.4.8 Interest rate 5.4.9 Balance of payments 5.4.10 Government debt 5.4.11 Stock market performance
Figure 1: HNWI Wealth Band Definitions 5 Figure 2: Map of Italy 6 Figure 3: Italy¡¯s Asset Price Performance (US$), 2010–2014 15 Figure 4: Italian HNWI Performance (US$), 2010–2019 16 Figure 5: Italian vs. Global HNWIs (US$), 2010−2014 17 Figure 6: Italian HNWIs – Asset Class Composition (%), 2010–2019 18 Figure 7: Italian HNWIs – Trends in Alternative Assets (US$ Billion), 2010–2019 21 Figure 8: Italian Trends in ¡®Art, Wine and Wheels¡¯, 2010–2014 22 Figure 9: Italian HNWIs – Foreign Investment Allocation and Growth (%), 2014 27 Figure 10: Italian HNWIs – Global Distribution of Foreign Investments (%), 2010–2019 28 Figure 11: Italian HNWIs – Liquidity Breakdown (%), 2010–2019 31 Figure 12: Italian UHNWIs – Asset Class Composition, 2010–2019 32 Figure 13: EUR to US$ Exchange Rate (%), 2010–2019 38 Figure 14: Italian Real GDP Growth (%), 2010–2019 39 Figure 15: Italian GDP Per Capita (US$), 2010–2019 40 Figure 16: Italian Domestic Market Capitalization (US$ Billion), 2010–2014 41 Figure 17: Italian Commodity Indices, 2010–2019 42 Figure 18: Italian Foreign Direct Investments (US$ Billion), 2007–2011 43 Figure 19: Italian Inflation Rate (%), 2010–2019 44 Figure 20: Italian Money Market Rate (%), 2010–2019 45 Figure 21: Italian Balance of Payments (US$ Billion), 2010–2014 46 Figure 22: Italian Government Debt as a Percentage of GDP (%), 2010–2019 47 Figure 23: Italian Stock Market Performance, 2010–2014 48 Figure 24: Italian HNWI Wealth vs GDP Ratio (%), 2010–2019 49 Figure 25: Italian HNWIs – Volume by Wealth Band, 2010–2019 52 Figure 26: Italian HNWIs – Wealth by Wealth Band (in US$ Billions), 2010–2019 52 Figure 27: Italian HNWIs – Wealth Per Capita (in US$ Millions), 2010–2019 53