Family offices temporarily reduce risk profile amid Covid-19: UBS report
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Singapore
GLOBAL family offices have shifted towards risk-averse asset classes such as cash and gold, with these offering a buffer for their portfolio amid uncertain times, the UBS' 2020 Global Family Office Report showed.
More than half of family offices rebalanced their portfolios from March to May with around 25 per cent and 21 per cent increasing allocation to cash and gold/precious metals respectively.
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