French bank says family offices are shifting assets away from the US thanks to tariffs and other trade tensions
“Many are actively diversifying away from US dollar assets, increasing allocations to Europe and Asia, especially Hong Kong, China and Japan, due to concerns over US dollar weakness, high US equity valuations and ongoing geopolitical risks,” Tellier said in a written interview on Thursday.
“This move is both a response to the US economic uncertainty and a strategic effort to capture better value and growth in other global markets.”
Family offices are entities set up by wealthy families to manage their succession plans, investments and charitable endeavours.
Tellier said interest from global family offices in Chinese technology stocks has grown since Hangzhou-based artificial intelligence (AI) start-up DeepSeek launched two powerful and cost-effective large language models earlier this year, catching many investors by surprise.
