Overview
- UBS published its Global Family Office Report on May 28 showing about two‑thirds of surveyed family offices expect confidence in the U.S. dollar to weaken and nearly half say they are overexposed to the currency.
- Many respondents plan to cut dollar and U.S. holdings and boost allocations to emerging‑market equities, infrastructure projects and parts of Asia Pacific and Western Europe.
- Geopolitical conflict is now cited as the top investment risk, prompting family offices to adopt multijurisdictional setups—known as multishoring—to spread assets and operational activities across countries.
- The report finds a widening split between U.S. and non‑U.S. family offices, with U.S. offices increasing home bias while overseas offices move capital back to local markets or into non‑U.S. regions.
- UBS said it surveyed roughly 307 clients with an average reported net worth of $2.7 billion, but coverage shows inconsistent sample figures and the survey was completed before a later dollar rebound, which could affect near‑term readings of the results.