Customers of high value across Asia gradually train for investments based on the US dollar, as they prefer gold, cryptocurrencies and Chinese assets instead, according to the UBS giant financial services group.
“Gold is very popular”, Amy Lu, head of the Swiss wealth management of the Swiss Bank of Asia, He said During the new Bloomberg Sounds event in Hong Kong on May 13.
She pointed to the high geopolitical uncertainty and the constant fluctuation of the market as preliminary factors behind the transformation. Investors, who are traditionally concentrated in the US -focused assets, are seeking the broader exposure across alternative assets, including encryption, goods and other currencies.
“The fluctuations here are definitely to survive,” he said, which causes customers to restore balance towards the concerted safe havens and growth opportunities in new areas.
China, after years of silent attention, also restores traction among the wealthy. Lu noted that the customers who have avoided exposure to China earlier are proactively asking about investment opportunities.
The Hong Kong Index, which consists greatly from Chinese companies, has emerged as one of the best artists in the world in 2024, which increased attention.
The latest survey of the Fund for Bank of America as well He appears The managers of global funds have greatly reduced their exposure to the US dollar in May, which represents the largest weight loss in 19 years.
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The tariff of the United States and China, the truce, escape the optimistic investor
Christina or Young, head of investment management services in Morgan Stanley, told Bloomberg that a modern tariff between the United States and China has created renewed optimism from investors.
She said, “We are witnessing really interesting topics in China,” she said.
AU-Yung also referred to an increasing mentality aware of the richest of Asian customers. The company now recommends allocating a balanced portfolio, including 40 % of fixed income, 40 % of the shares, 15 % alternatives and the rest in cash or rewards.
On May 11, the United States and China announced an agreement to temporarily reduce definitions on each other. According to the deal, the United States will reduce the customs tariffs on Chinese imports from 145 % to 30 %, while China will reduce the duties of American goods from 125 % to 10 %.
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Bitcoin is seen as a value store
In a recent note, Galaxy Digital analysts said that Bitcoin is increasingly seen as a digital store for value, noting the increasing interest of institutions and boxes circulating on the stock exchange (ETFS) and even governments.
“The Bitcoin’s supply and demand for Bitcoin are enhancing its place as a mature digital store for value,” said Ian Coleman, the director of the Galaxy, co -director of the Galaxy.
With the support of this view, Jay Jacobs, head of the Blackrock investment funds, indicated on April 25 that countries are increasingly vary away from US dollar reserves, and instead turns into assets such as gold – and now, Bitcoin (BTC) – as part of a broader shift in the reserve strategy.
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