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Four big trends in the Apac family office space: UBS

The average assets under management in Asia Pacific family offices is $400 million, according to UBS and Campden Wealth Research

Asia Pacific family offices recorded strongest performance at 16.4%, driven by equities and private equity, a new study by UBS and Campden Wealth Research, quizzing 53 family offices in the region has found.

What’s more, currently 35% of family offices in the Asia Pacific are involved in impact investments, and 7 in 10 out of the Asia-Pacific offices surveyed indicated that they have a succession plan in place.

The next few slides reveal some of the key trends shaping the family office scene in the region.

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Asia Pacific family offices recorded strongest performance at 16.4%, driven by equities and private equity, a new study by UBS and Campden Wealth Research, quizzing 53 family offices in the region has found.

What’s more, currently 35% of family offices in the Asia Pacific are involved in impact investments, and 7 in 10 out of the Asia-Pacific offices surveyed indicated that they have a succession plan in place.

The next few slides reveal some of the key trends shaping the family office scene in the region.

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1. High investment performance

Asia Pacific family offices overtook all other regions to record the highest average performance, reaching 16.4%.

UBS said this can be attributed to a strong year in developing market equities (14%) and private equity direct investments (15%).

Globally, family offices’ average portfolio delivered returns of 15.5 percent last year.

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2. Asset allocation

Family offices in the Asia Pacific region on average allocate 28% of their portfolio to equities, 14% to developed market equities and 14% to developing market equities.

Real Estate is the second largest asset class in the average family office (18%) and private equities direct investments (15%), UBS said.

In contrast, those in North America invest more in developed market equities (27%) and private equity (9.9%) funds; while family offices in Europe opt most often for alternatives (50%) and real estate in particular (23%).

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3. Succession planning

UBS's 2016 report found that 69% of family offices globally expected to undergo a generational wealth transfer within 15 years.

The findings in this year's report indicates close to 7 in 10 (71%) of the family offices either have a succession plan in place (39 %) or they are in the process of developing a succession plan (32%).

Asia Pacific ranks the highest globally in terms of expectations of when the next generation will take hands-on control over the family office at 46%.

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4. Impact investments

Almost one third (32%) of the family offices surveyed are now involved in impact investing. This is an increase of 4.2 percentage points over the year, UBS said.

Looking to the future, UBS said, 39% of respondents also reported that once the next generation takes control of their families’ wealth, they will likely increase their allocation to impact or ESG investing.

In Asia Pacific, 35% of the family offices surveyed are involved in impact investing. 

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