The Growing Middle Class and Resource Scarcity
In their recently released report entitled Investing in the future: How megatrends are reshaping the future of the investment management industry, KPMG looked at – amongst other things – analysing the economic and social risks associated with scarcity.
Economic expansion is driving more resource-intensive consumption, and there are increasing risks of resource insecurity in areas such as water, food and energy.
One thing readers should consider is the proportion of the world population categorised as the “middle class residing in developing countries”.
This is expected to triple towards 50 per cent over the next twenty years – and this is where the water, food and energy security issues will probably abound.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
