Investors from all lines were thrown away a few curve balls this year, as President Donald Trump’s trade war sent in early April stock prices and the dollar’s decline, and talk about “selling America” because some people are afraid that the United States will lose its place like The prominent world market. Subsequent weeks, though, a recovery was delayed in stock markets where the most severe definitions were delayed. As a result of the rise and landing, many of the richest investors around the world follow the waiting and vision approach with their investment strategy.
This is according to the newly released Global Family Office report, which reflects the views of 317 family offices. Wealth management companies Among the high-ranking-administration is an average of $ 1.1 billion each.
The family offices that participated in the survey indicated a global trade war as the risk that worries them over the next 12 months, with the name of the general geopolitical conflict as their highest interest during the next five years.
UBS survey was mostly conducted during the first quarter of the year, before the president’s identification policies were announced in early April. However, the company managed to conduct more interviews in the wake of market turmoil, and found that most of the wealthy investors were planning to adhere to their plans and wait for the economic uncertainty that followed, even with increased market warnings and stagnation.
After a month and a half after the President’s announcement, American shares recovered from their initial sharp declines, so that they are positive for this year, which indicates the wisdom of the purchase and celebration approach.
In 2025, some of the largest investment changes from previous years include family offices, which reduces their monetary holdings and invest in the advanced market shares, especially in the United States, according to the report. The private debt was another area that witnessed an increase in investments, while private stock investment has already decreased.
Daniel Sennaseroli, the administrative director of the UBS portfolio strategy, even with every state of uncertainty about the Economic policies of the Trump administration, says family offices around the world “maintains a very strong bias for the United States.” American innovations such as artificial intelligence and pharmaceutical developments keep companies ascending.
“I think it is too early to believe that the American exception has ended, but there is a lot of uncertainty, so we are committed to allocating strategic assets in the long run with tactical changes.”
Allocating alternative assets
The allocation of assets is divided between traditional and alternative investments of family offices by 56 % for the first and 44 % for the latter. But the American family offices have much more appetite than international companies, mainly, unlike allocations.
While investments in private stocks have increased steadily on an annual basis in the family office world for a while, in 2024 the average total allocation already decreased, to 21 % of the peak of 2023 by 22 %. UBS expects to continue this year: family offices that plan to change their strategy this year plans to reduce their customer customization to 18 %.
Scansaroli depends on low integration, acquisitions and subscription environments in almost recent years. Families do not have money from the exits “to recycle the next private stock deal.” However, 44 % of families said they are planning to increase PE investments over the next five years.
while Gold represents only 2 % Among the average asset customization, Scansaroli also expects this year to increase.
This story was originally shown on Fortune.com
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