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Fortune
Fortune
Alicia Adamczyk

Family offices keep 'strong bias to the U.S.' amid market turmoil, UBS survey finds

(Credit: Nitat Termmee—Getty Images)

Investors of all stripes have been thrown a few curveballs this year as President Donald Trump’s trade war in early April sent stock prices and the dollar tumbling, and set of talk of “Sell America” as some feared the U.S. would lose its spot as the world’s preeminent market. Subsequent weeks, though, have brougth a rebound in equity markets as the implementation of the steepest tariffs has been delayed. As a result of the ups and downs, many of the wealthiest investors around the world are taking a wait-and-see approach with their investment strategy.

That’s according to the newly-released UBS 2025 Global Family Office Report, which reflects the views of 317 family offices—the personalized wealth management firms of the super-rich—managing an average of $1.1 billion each.

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