For most investors, 2018 was both an eventful and frustrating year.
Between the looming threat of trade wars and growing geopolitical uncertainty, the market also skipped a beat. Volatility took center stage, and the S&P 500 finished in negative territory for the first time in 10 years.
Although many asset classes finished in negative territory, a look at fund flows – essentially where investors put their money – helps paint a more intricate picture of the year for investors.
According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year.
Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries:
From the beginnings of General Motors Acceptance Corporation to the introduction of the Diner’s Club charge card, the history of credit has been filled with game-changing innovations.
Today, new innovations in tech are continuing to shape the consumer credit industry – and with U.S. consumer debt sitting at $13 trillion, these changes could play a role in impacting how consumers access credit both today and in the future.
Dubai’s transformation from a fishing village to a global real estate hub has been nothing short of remarkable. From having the world’s tallest building to man-made islands in the shape of a world map, the U.A.E.’s most populous city has never shied away from ambitious construction projects.
Today’s motion graphic video, from Knight Frank, is a unique overview of Dubai’s half-century long growth spurt.
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