{"id":73405,"date":"2026-05-28T09:41:04","date_gmt":"2026-05-28T09:41:04","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/73405\/"},"modified":"2026-05-28T09:41:04","modified_gmt":"2026-05-28T09:41:04","slug":"ubs-family-office-clients-cut-us-dollar-exposure-in-wealth-revamp","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/73405\/","title":{"rendered":"UBS family office clients cut US dollar exposure in wealth revamp"},"content":{"rendered":"<p>Published Thu, May 28, 2026 \u00b7 05:22 PM<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[ZURICH] UBS Group\u2019s family office clients are curbing their financial exposure to the US as part of a revamp in how they manage the world\u2019s shifting macroeconomic landscape.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Almost a third of 307 private investment firms for the ultra-wealthy surveyed this year through late March said they have cut or plan to reduce allocations to assets held in US dollars, Switzerland\u2019s biggest bank said in a report released on Thursday (May 28).<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">About half of the money managers also said they were overexposed to the greenback, even as North America still makes up the largest slice of their portfolios by region, according to UBS\u2019 2026 Global Family Office Report.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The same sentiment for other major currencies, such as the British pound and Euro, was less than 10 per cent. Family offices in Europe and Asia-Pacific represented the two largest groups of survey respondents.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cDe-US dollarisation is now always a topic when we meet clients,\u201d Benjamin Cavalli, head of strategic clients and global connectivity at the bank\u2019s wealth-management unit, said in an interview. \u201cFamily offices are preparing not just for near-term volatility but for an extended period of inter-connected risk.\u201d<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The responses from the firms \u2013 which manage US$1.3 billion on average \u2013 signal how the <a class=\"text-verticals-btblue underline hover:text-blue-500\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/wealth\/wealth-investing\/worlds-super-rich-boost-conflict-economy-wagers-amid-iran-war\" target=\"_blank\" rel=\"nofollow noopener\">world\u2019s super rich are adapting their portfolios to heightened levels of geopolitical uncertainty<\/a>, largely shaped by the more aggressive foreign policy of President Donald Trump in his second term.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Europe\u2019s wealthy elite were already reassessing their US exposure in the first weeks of this year following Trump\u2019s efforts to gain control over Greenland and intervention in Venezuela, but some family offices defied that \u201cSell America\u201d sentiment with a US deal spree.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Other investment firms for the ultra-wealth have raised bets on sectors benefiting from the fallout of tensions in the Middle East, where many family offices have flocked recently amid geopolitical shifts in regions such as the UK.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Overall, 60 per cent of the family offices polled said they planned to make strategic allocation changes to their portfolios this year, the highest level in UBS\u2019 report since at least 2020. Allotments to developed markets and reductions to real estate are among popular options.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cThere\u2019s a rebalancing going on against the more uncertain investment backdrop,\u201d Yves-Alain Sommerhalder, head of global wealth management solutions at UBS, said in the interview. BLOOMBERG<\/p>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.<\/p>\n","protected":false},"excerpt":{"rendered":"Published Thu, May 28, 2026 \u00b7 05:22 PM [ZURICH] UBS Group\u2019s family office clients are curbing their financial&hellip;\n","protected":false},"author":2,"featured_media":73406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[38779,22151,38622,223,4919],"class_list":["post-73405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-asset-manager","tag-billionaires","tag-family-offices","tag-ubs","tag-us-dollar"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116651549434259012","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=73405"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/73406"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=73405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=73405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=73405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}