Moving forward, North America and Asia Pacific excluding Greater China are set to be the top destinations of added allocations, with over a third looking to increase allocations to each of these regions over the next five years at 38% and 35% respectively.
Asia Pacific is set to be the top investment hotspot for family offices globally, according to the UBS Global Family Office Report 2024.
The report — which drew insights from 320 single family offices across seven regions with an average net worth of US$2.6 billion — found that on average, family offices have kept their largest regional allocations in North America (50%) and Western Europe (27%), followed by 17% in either Asia Pacific or Greater China.
