“Hong Kong and Singapore investors rank above the average, going more into safer assets,” says Lombard Odier head of ultra high net worth individuals offering, Asia Jean-François Aboulker.
On the back of falling stock prices, widening credit spreads and high long term rates, Asia Pacific high-net-worth investors (HNWIs) are taking a more conservative approach in their portfolio allocations, Lombard Odier 2022 HNWIs Study found.
According to the study conducted by the Swiss private bank and its strategic alliances in the region, HNWIs are repositioning their portfolios over the past two years, diverting from traditional asset classes such as equities and bonds towards investing in their own company (27% increase), “safer” assets such as cash and gold (44% increase) as well as alternative and private equity assets (37% increase).
