Citi survey shows Asian family offices bullish on equities, AI investments

Citi Private Bank’s 2024 Family Office Survey reveals Asian family offices remain optimistic despite global uncertainties. The Asia Pacific region shows strong confidence in global developed equities, with 48% expressing positive outlooks, and similar optimism for private equity funds at 48%. A notable 50% favour investing in artificial intelligence through public equities, highlighting tech’s pivotal role in their strategies. However, allocations to China have significantly decreased, dropping to 5% from 8% last year amid ongoing economic challenges. Interest rate trajectories remain a primary concern, overshadowing inflation fears. Overall, nearly all respondents anticipate positive portfolio returns, reflecting a resilient investment sentiment in Asia’s sophisticated family offices.