Taiwan's wealthy shift assets amid improving market outlook

Taiwan's wealthy individuals have reached new asset peaks, with the number of high-net-worth clients holding over NT$100 million (approximately $3.1 million USD) in bank assets surging by 1,090 in May 2026, reaching a total of 25,290 clients. This represents a substantial year-on-year increase of 75.3%.

The total assets under management (AUM) for these high-net-worth clients climbed to NT$2.6633 trillion (approximately $82.7 billion USD) by the end of May, marking a monthly increase of NT$111 billion and a year-on-year growth of 70.4%. This surge indicates a robust expansion in the wealth managed by Taiwan's affluent population.

Analysis of their asset allocation reveals a continued preference for "cash is king," with 42.5% of assets held in deposits. However, this proportion saw a slight decrease from 43.5% in April and is the second-lowest this year. Concurrently, the allocation to funds, bonds, insurance, and offshore structured products has increased. Specifically, bond holdings rose to 14% from 13.9%, insurance increased to 12.1% from 11.9%, and offshore structured products grew to 7.9% from 7.5%.

Chang Chia-kuei, deputy director of the Financial Supervisory Commission's Banking Bureau, attributed this shift to an improving investment market sentiment. "The investment market atmosphere has turned better, driving clients to increase their holdings in high-yield types of products," Chang explained. This suggests a strategic move by wealthy investors to capitalize on perceived market opportunities and diversify their portfolios beyond traditional cash holdings.

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The investment market atmosphere has turned better, driving clients to increase their holdings in high-yield types of products.