The report surveyed 230 single family offices around the world with an average total net worth of US$2.2 billion. Of these, 45 are in Asia Pacific.
Against the backdrop of the ending era of low or negative nominal interest rates and ample liquidity, global family offices are planning the biggest shift in their strategic asset allocation for the next several years.
According to UBS Global Family Office Report 2023, the biggest turnaround is in developed market fixed income, where almost four in ten (38%) of family offices surveyed are planning a significant or moderate increase in allocations over the next five years. This follows three years of cutting back on bonds.
