The world’s wealthiest investors are listing inflation as their top risk. According to Citi Group’s latest survey, inflation this year has overtaken the trade war and tariffs to become the biggest concern for family offices, and this trend is profoundly affecting the asset allocation logic of the ultra-high-net-worth group.
Citi Group’s annual global family office report shows that after inflation, changes in interest rates and the stability of the global financial system have become the issues most concerning to the surveyed institutions.
When it comes to selecting major asset classes, publicly traded equities are ranked as the preferred asset category for future net additions. More than 90% of the surveyed family offices said their portfolios recorded positive returns this year, and nearly half said they increased their holdings of listed stocks in the first half of the year.