- The global middle-class will have 4.9 billion people by 2030, from 1.8 billion in 2009, predicts the OECD. Two-thirds of the new middle-class is expected to be Asian.
- Investors can gain access to this megatrend via ETFs over the Hong Kong stock index, or consumer ETFs like the iShares Global Consumer Staples ETF.
- When it comes to direct stocks, investors should consider producers of luxury brand goods and vehicles like German carmakers BMW Group and Volkswagen AG.
The coming boom in Asian middle-class consumption could be the most promising megatrend of them all – and a critical consideration for long-term investors.
The promise comes from billions of consumers who are expected to join the middle-class and buy foodstuffs, products and services that Australians take for granted.