APAC Family Offices Returns Outlook Strong With 83% Expecting Gains

APAC family offices returns expectations remain positive, with 83% forecasting portfolio gains above 5% this year despite global uncertainty, Citi’s Wealth survey showed. Respondents cited potential US deregulation, interest rate cuts and advances in artificial intelligence as major growth drivers, though 61% flagged trade disputes and 53% highlighted US-China tensions as key risks. Conducted mid-2025, the survey covered 346 family offices in 45 countries, with nearly 30% located in Asia-Pacific. Singapore continues to see rapid growth in single-family offices, climbing from around 400 in 2020 to more than 2,000 by end-2024, reinforcing the region’s role in global wealth management. Public equities remain the largest allocation, showing confidence in listed markets.