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Family Offices Slash US Holdings, Boost China, Emerging Markets

6/2/2026

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Story summary
  • UBS reported that family offices are cutting U.S. asset exposure and shifting toward Chinese and other non-U.S. investments.
  • The 2026 UBS Global Family Office Report surveyed 307 offices in over 30 markets, with an average net worth of US$2.7 billion.
  • While North America remains the portfolio backbone, many plan to add Asia and western Europe allocations and tilt toward emerging-market equities and infrastructure.