Switzerland's Wealth Growth in 2024 Led by Household Savings in ETFs
Switzerland's wealth growth in 2024 was primarily driven by household savings, with investment funds like ETFs leading securities purchases. The country retained its second-place ranking globally for net wealth per capita.
The Allianz Global Wealth Report revealed that Swiss households favoured insurance products, with 41% of their savings going into these. Bank deposits, however, accounted for only 15% of savings.
In 2024, the gross financial assets of Swiss households rose by 4.2%, contributing to the global increase of 8.7% to reach €269 trillion. Despite this, Switzerland remained in second place behind the United States, with per-capita net financial assets valued at just under €269,000.
Swiss households' preference for insurance products and investment funds drove wealth growth in 2024. Despite strong growth, Switzerland maintained its second-place position globally for net wealth per capita.
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