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Asian HNW investors stick to private markets, steer clear of crypto

A study conducted by Swiss private bank Lombard Odier showed that high-net-worth individuals in Asia Pacific have now shied away from digital assets, including cryptocurrencies, and are sticking to private markets and safe assets like cash and gold. The move, according to the study, is part of efforts by people with more than USD1bn of investible funds to shield their assets from market volatility. Vincent Magnenat, Lombard Odier’s Asia head, said APAC investors are becoming more conservative in their portfolio construction and are diverting to ‘safer’ alternative and private assets. He added that allocation to digital assets is extremely low.

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