The fear of missing out often leads investors to create a reactive portfolio made up of random opportunities, especially in venture capital, says one Indian family adviser.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
Institutions and family offices alike are sharpening their focus on themed investments to prepare for transition to low carbon economy.
Despite eye-watering returns, there are strong signs that Spacs have reached a tipping point even as Singapore and Hong Kong weigh listings.
Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.
The city-state is considering updating its recent variable capital company structure, a step that could enhance its allure as a destination for single-family offices versus Hong Kong.