Ultra-Wealthy Asian Families’ Love of Emerging Markets May Prove Painful

Developing-market stocks, bonds reversed course this year
About 20% of family offices in Asia have no succession plan

Luxury yachts sit moored at the Singapore Yacht Show in front of residential buildings of Sentosa Cove in Singapore, on Thursday, April 10, 2014. The yacht show runs through April 13.
Photographer: Charles Pertwee/Bloomberg

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By Klaus Wille

September 25, 2018 at 12:00 AM UTC

Updated on

September 25, 2018 at 12:22 AM UTC

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Asian family offices’ love of emerging markets may prove painful in 2018.

Family offices in the region have the highest allocation globally to equities in developing markets, according to the 2018 Global Family Office Report published Tuesday by UBS Group AG and Campden Wealth. Developing-market fixed-income exposure, meanwhile, lagged only family offices located in places such as South Africa, Lebanon and Central America.