Family offices pile into developed-market bonds to rebalance their portfolios: UBS survey
- Geopolitical uncertainties were seen as the main risk by family offices in the short and medium term, with climate change also a major worry
- Family offices are increasingly interested in impact investing, with 30 per cent of them focusing on education, healthcare, and clean tech, the survey found
Having a balanced and diversified portfolio is once again the top priority for family offices around the world, according to a global survey by UBS.
Family offices globally prioritised striking the right balance in their investments, with equities and fixed income leading the way.
Their allocation to developed-market bonds increased by the most in five years to 16 per cent, which reintroduced a greater balance between fixed income and equities, said Cavalli.
“This was not totally surprising given where interest rates are,” he added.
The report, released annually, surveyed 320 family offices in more than 30 countries between January and March this year representing families with an average net worth of US$2.6 billion. Since it acquired Credit Suisse, UBS now has US$5.5 trillion in assets under management.
