Indeed, 2025 has been a year of market volatility and unease caused by uncertainties ranging from the threat of a global trade war to increasing risks of global recession. Through all that, global family offices appear to remain well-positioned to weather out the volatility as this year's edition of UBS’ Global Family Office Report reiterated the diversified, all-weather strategic asset allocation of the many family offices surveyed.
“Right after the World Economic Forum earlier this year in Davos (Davos-Klosters, Switzerland), the only game in town was to invest in the US, and that was everyone’s consensus. Oh my god, things have changed.”
Those were the words of Iqbal Khan, UBS’s co-president of Global Wealth Management Asia-Pacific (Apac) at the opening of the bank’s inaugural Asian Investment Conference Wealth Edition in Singapore on May 22.
