HNWIs mirror behaviour of institutional investors

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From Archive 01 July 2004

By PWM Editor

Strict income tax policies in Europe are impeding wealth accumulation
Spain led the rest of Europe in wealth creation during 2003, with the number of high net worth individuals (HNWIs) growing 18 per cent, according to data from the latest Capgemini/Merril Lynch World Wealth report. The Czech Republic, with 12 per cent, the UK with 8 per cent and Russia, with 5.4 per cent, were also above the European average.

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