Family offices, which manage the fortunes of many of the world’s super-rich, are increasing their allocations to high-quality, short-duration fixed income. This is just one of several portfolio shifts they’re making in response to changing market conditions and worries about geopolitics and inflation, according to a new report by wealth manager UBS.
“When family offices are faced with potential shocks or concerned about strength in the economy, they migrate to places that are more defensive,” says Charles Otton, UBS’ head…
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