APAC family offices cut Greater China holdings: UBS survey

APAC family offices cut Greater China holdings: UBS survey

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

Family offices in the Asia-Pacific region that manage wealth for high net-worth individuals cut back their asset allocations to Greater China last year, deterred by policy uncertainties and rising geopolitical concerns, a UBS report said.