The report – which surveyed 338 FOs globally with 21% of respondents hailing from the Asia Pacific region – found that nearly 40% decreased their weighting in cash, compared to 30% in North America.
There have been significant portfolio shifts from cash to risk assets this year among family offices (FOs), with 68% of those in Asia Pacific increasing their allocations into public equity, the highest percentage compared to other regions.
According to Citi’s Global Family Office Survey 2024, FOs in Asia Pacific have “led the way” in deploying more to public equity.
