According to the veteran UBS group of financial services, the high-net-forth customers in Asia are gradually getting away from the US dollar-based investments, in favor of gold, cryptocurrency and Chinese assets.
“Gold is becoming very popular,” Amy Lo, Swiss Bank’s co-head of money management for Asia, Said Bloomberg was held in Hong Kong on 13 May during the new voice event.
He cited the growing geopolitical uncertainty and constant market instability as primary factors behind the innings. Investors are traditionally concentrated in US-centric property, now demanding extensive risk in alternative asset classes including crypto, objects and other currencies.
Lo said that “instability is definitely to live here,” inspires customers to rebel towards alleged safe haven and development opportunities in new areas.
China is also receiving traction between ultra-ride after years of silent interest of years. Lo said that customers who used to avoid coming in contact with China are now asking about investment opportunities.
Hong Kong’s benchmark index, composed of Chinese companies, has emerged as one of the top artists in the world in 2024, and is filling more fuel.
Bank of America’s latest fund manager survey also Show Global fund managers significantly reduced their risk to the US dollar in May, leading to the largest weight space in 19 years.
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US-China tariff Truses Spark Investor Optimism
Morgan Stanley Private Wealth Management, head of investment management services in Asia, Christina Auung told Bloomberg that the recent tariff Trus has created a new investor optimism between the US and China.
“We are seeing the emergence of really interesting themes in China,” he said.
AU-Oung also pointed to the growing risk-incumbency between Asia’s wealthiest customers. The firm now recommends a balanced portfolio allocation, including 40% fixed income, 40% equity, 15% options and remaining in cash or equivalent.
On 11 May, America and China announced an agreement Temporarily to reduce tariffs on each other’s goods. According to the deal, the US will reduce tariffs on sugar imports by 145%, while China will reduce 125% to 10% duties on US goods.
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Bitcoin seen as a store store
In a recent note, Galaxy Digital Analysts said Bitcoin is seen rapidly As a digital store of value, keeping in mind the increasing interest from institutions, exchange-traded funds (ETFs) and even governments.
Ian Coleman, co-portfolio manager at Galaxy, said, “The dynamics of bitcoin supply and demand dynamics are strengthening their place as a mature digital store of the price.”
Supporting this scene, Blacrock’s chief Thematics and Active ETF, J Jacobs noted on 25 April that the nation is rapidly getting away from US dollar reserves, Change – And now, bitcoin (BTC) – As part of a comprehensive change in reserved strategy.
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