UBS Wealth Management launched its annual ‘Global Family Office Report’ for 2020. The big fund manager and global bank surveyed principals and executives in 121 single-family offices around the world. Those family offices handle an average total family wealth of US$1.6 billion. This represents a significantly larger dataset than that of any other comparable study, with a total of funds under management of US$142.4 billion.
56% of families remain involved in strategic asset allocation, making it a cornerstone of wealth preservation.
69% of family offices view private equity as a key driver of returns.
Responding to the crisis
55% of family offices rebalanced their portfolios in March, April and May to maintain their long-term strategic asset allocation.
When evaluating impact investments, 43% of family offices still prioritize investment performance. Return on investment is in their top three performance indicators.
While the current generation of beneficial owners is in its 60s and 70s, around a third of family offices have no plans for a change in control.
39% of family offices intend to allocate most of their portfolios sustainably over the next five years, targeting exclusion-based strategies
To access the full report by UBS, please click here