Family offices in the Asia Pacific region boasted the lowest allocation to cash and the highest to equities, according to a report by Citi Private Bank.
At 24.4 percent, family offices in Asia Pacific boasted the lowest allocation to cash on an equal-weighted basis, as of 30 June 2023, according to a report by Citi Private Bank. This compares to an average of 30.1 percent globally, which includes EMEA, Latin America and North America, in addition APAC.
As a result, family offices in Asia took on more risk assets with an average allocation of 39.5 percent to equities – the highest among all regions. Globally, family offices allocated an average of 34.1 percent to equities.
Fixed Income, Alts
In terms of fixed income, allocations amongst APAC family offices were closer to the global trend at 23.6 percent versus 21.9 percent, respectively. According to Citi, family offices globally increased fixed income weightings with a focus on quality.
And in terms of alternatives, family offices in the region allocated 12.3 percent to the asset class, compared to 13.9 percent globally, with private equity accounting for the largest weighting at 4.7 percent.
