Philanthropy

Monday, September 10th, 2018

Knight Frank has released its 2018 Wealth Report and its interesting to go through to look for trends in wealth management and how high net worth individuals are allocating their funds. One chart on philanthropy in particular caught my eye:

Philanthropy

Globally there has been a trend of people wanting to give back to their community and to help philanthropic causes. From the chart above, over 68 per cent of advisors felt that their clients were increasing philanthropic activities. This is a trend across all regions and a bulk of the spending is going toward education, health, environmental issues among other causes. This is especially heartening in light of the fact that one of the biggest concerns today is about widening wealth inequality in societies globally. The rise of socially responsible investing through ESG funds globally is also a sign that investors are looking to change the status quo and take more interest in socially responsible and sustainable investments.


About the author

Rishad is the founder of Kairos Capital. He started his career with Standard Chartered Wealth Management and has extensive experience in markets, particularly in terms of mutual funds and stocks.

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