Reported 21 days ago
According to a recent Citigroup survey of 338 family offices, wealthy families are becoming more optimistic about investments, with 97% expecting positive returns in the next year. The shift towards riskier assets includes direct investments in companies and an increased focus on growth equity and venture capital. While concerns about interest rates have surpassed worries about inflation, over half of the respondents have investments in generative artificial intelligence. The survey also found a majority of investors profited last year, encouraging families to reduce cash holdings.
Source: YAHOO