| Living the life fantastic This week Julius Baer gave us an insight into how expensive living well is becoming. The firm’s writes that this year’s edition focuses on the yearly changes in the cost of living well, which, in the last year, has risen significantly for wealthy individuals. Asia continues to be the most expensive region in the world, while the Americas are becoming ever more affordable in comparison.
Asia is the most expensive region to buy a car, which is the single most expensive item in the basket. Shanghai is still the most expensive city in the index with four items ranked at the very top and the highest weighted average price increase (30 per cent). Taipei (3) moved up the ranking, mostly due to the prices of shoes, bicycles, and wine. Although Asia remains the most expensive region overall, Tokyo (8) is also the city which slid the furthest (previously 2), driven by 13 items ranking lower than in
the previous year and an average depreciation of -8.8 per cent on the Japanese Yen.
AssetCo has been out buying things again, this week adding SVM Asset Management to its portfolio, for GBP10.7 million. The firm, founded by Colin McLean and Margaret Strong, writes that it has a 30-year track record of solid and steady performance and client service and a CEO in Colin McLean who has been a leading industry figure for several decades.
Wealth Adviser’s sister title, ETF Express, is back out again with Asset TV next week.
Keeping to the thematic theme, as it were, next week, 28th June at 2.00 BST, ETF Express and Asset TV are hosting a live interview with US bitcoin and crypto veteran firm Grayscale’s David LaValle, Managing Director, Global Head of ETFs at Grayscale. The firm has recently launched the Future of Finance UCITS ETF in Europe under the HANetf umbrella, so we will also be joined by Andre Voinea, Head of DACH Sales at HANetf.
We will be discussing all things cryptocurrency and digital.
To register for this live event on 28th June, 2.00 BST, please click here.
Beverly Chandler, managing editor, Wealth Adviser
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