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Asian wealth set to take off

The Asia-Pacific markets, responsible for nearly a quarter of the world's wealth today, are set to outstrip the rest of the world for growth in funds targeting the very rich which are expected to reach $12.7 trillion (€9.4 trillion) by 2011.

The yearly growth in the assets of those with more than $1m in liquid assets in Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan will average 8.5% a year over the period, compared to a global average of 6.8%.

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