A comprehensive survey of family offices released on Wednesday by UBS highlights new investing trends and priorities among the ultra-wealthy. The most conspicuous of these is a marked shift in asset allocation towards bonds and other fixed income products issued by developed markets, which reflects an appetite for easy yield as higher interest rates become a fixture of the global economy.
The UBS report, titled Global Office Family Report, is based on a detailed survey of 302 single family offices that each have an average net worth of $2.6 billion. Family offices have existed for many decades as a means to preserve and transfer wealth across generations, but have soared in popularity in the last 15 years amid a surge of economic growth around the world.
