Russian investors are engaging in more conservative wealth management strategies where 42% are conducting a balanced approach, 35% are seeking growth and 23% are seeking preservation of their wealth, according to research by UBS and Campden Research.
Russia’s economic climate has contributed to the moderate risk wealth portfolios. The Russian finance minister announced earlier this year that the Russian economy would shrink by 3% if low oil prices remained.
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The research, titled The UBS / Campden Wealth Russian Entrepreneurship Report 2015, surveyed 30 affluent Russians, with individual private wealth ranging from $2m-$50m to $1bn. In total, the participants in the study represent over $2.5bn of personal Russian wealth and $6.5bn of business turnover in 2014.
The same study from 2013 indicated that only 5% of wealthy Russians sought wealth preservation as a priority.
Dominic Samuelson, CEO of Campden Wealth, said:
"While Russian wealth holders are set to maintain business ownership despite the economic downturn, with some opting to move away from Russia in the long term, as a group, Russian wealth holders are becoming more conservative with their private wealth. It is paramount for financial service providers to secure the achievements of this entrepreneurial generation of Russian business leaders,"
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By GlobalDataRespondents to the The UBS / Campden Wealth Russian Entrepreneurship Report 2015 also said that they would concentrate 25% of their portfolios on real estate and direct investments, and 24% on cash. The remainder was split between emerging market equities, alternative investments, developed equities, fixed income, and derivatives.
