A new report highlights that high-net-worth individuals (HNWIs) are increasingly prioritizing longevity, health, and experiences over traditional luxury goods amid economic uncertainty and geopolitical tensions.
Today, the strategy is accessible in Hong Kong, China, Singapore, Taiwan, Malaysia and Thailand through local distributors including private banks, retail banks, IFAs, insurance companies and partnered asset managers.
As valuations stretch and earnings growth expectations moderate, global strategists are advocating for diversification into Europe, Japan, and select emerging markets.
The study, based on surveys of 146 family offices across North America, Europe, and Asia-Pacific, underscores the evolving challenges and strategies for ultra-high-net-worth families managing multigenerational wealth.
UBS sees potential in Taiwanese, Indian and Chinese tech stocks, while BNP Paribas maintains a bullish outlook on China's domestically-driven market, particularly in consumer and tech sectors.