Media reported on the decline in the dollar’s share in the portfolios of the world’s wealthiest families, with experts citing geopolitical instability and the growing US national debt as reasons. The world’s wealthiest families have begun actively reducing their investments in US dollars amid geopolitical uncertainty and an increase in America’s national debt. This is reported by Reuters, citing a study by the Swiss bank UBS. Nearly two-thirds of family offices have concluded that their assets are excessively dependent on the US currency. UBS strategist Maximilian Kunkel noted that many have already revised their investment portfolio structures, expecting a weakening of confidence in the dollar within the year. In the future, investors intend to increase their share in emerging market stocks and infrastructure assets. “For the first time, we feel that family offices are striving to strengthen their positions in the Asia-Pacific region and to some extent in Western Europe,” said UBS executive director Benjamin Cavalli. He added that the trend towards de-dollarization primarily affects foreign capital, but signs of this process are also observed among American family offices.
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