APAC family offices outperform global peers
Singapore
FAMILY offices in Asia Pacific (APAC) achieved the highest investment returns of 6.2 per cent for a 12-month period, driven by greater allocation of investments to equities and private equity, a UBS and Campden Wealth Research report showed.
Emerging markets saw the same investment returns as APAC, both performing above the global average of 5.4 per cent. This was a sharp fall from last year's average of 15.5 per cent due to weaker economic conditions.
Globally, private equity fared the best of all asset classes, with APAC achieving the strongest performance among their global peers with 19 per cent returns, outs…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff
Blackstone reports 1% rise in Q1 earnings