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High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.
Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India
CNN —On May 24, 2022, then-fourth-grader Daniel Ruiz managed to escape the Robb Elementary School shooting in Uvalde, Texas that claimed the lives of 19 of his classmates and two teachers. But Daniel, now 11, says the fun-loving kid he was, prior to that fateful day, did not survive the massacre. “My friends, cousins and I will never be the same again … I miss how happy I used to be. Yet these harrowing statistics do not fully or adequately encapsulate the true, ever-lasting harm caused by acts of gun violence. According to a recent study published in the journal Health Affairs, in the one-year period after a shooting, survivors’ health care costs increased by about $34,884, or a 17.1-fold increase.
Persons: Danielle Campoamor, CNN —, Daniel Ruiz, Daniel, Danielle Campoamor Ashley Batz, ” Daniel, , , Daniel —, Briana Ruiz, Daniel’s, ” Briana Ruiz, Briana Ruiz Dr, Chethan, Sathya, , aren’t, Dr, Jill Emanuel, Emanuel, ” Emanuel, wasn’t Organizations: NBC, CNN, Robb Elementary School, US Centers for Disease Control, Prevention, Health Affairs, Center for, Northwell Health, PEW Research Center, Child Mind Locations: Uvalde , Texas, United States
The region's rally – supported by China's reopening – seems to have hit a wall, but economists say MSCI's broadest index of Asia-Pacific shares outside Japan has further room to run. I still expect the Asian stock markets will outperform their U.S. peers after a short-term correction on China's reopening in 2023. "Modest valuations, light investor positioning and good fundamentals are buffers that should help Asian stocks withstand near-term volatility," BNP's Liu said. She added that domestic demand in the region will be the "driver of economic growth," and she expects trade volumes to recover with China's market reopening. "I still expect the Asian stock markets will outperform their U.S. peers after a short-term correction on China's reopening in 2023," she said.
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