Against the backdrop of a volatile global economic landscape, the top wealthy families in Asia are withdrawing from the US market at an unprecedented speed. According to multiple media reports including Bloomberg, about 10 ultra-rich Family offices that manage billions of dollars in assets, including Hong Kong’s Infinity Family Office, have begun to massively reduce or freeze their investments in US stocks and US bonds, and reallocated the funds to the Chinese and European markets. To deal with the policy uncertainties in the United States and the potential risk of economic recession.

Historic turning point: A large-scale sell-off unseen in 30 years

Executives of Europe’s largest private bank pointed out that the current scale of selling by wealthy global clients and institutional investors is “unprecedented in the past 30 years”, which may mark a long-term shift in capital flows. Take a certain family office serving Chinese billionaires as an example. It has completely liquidated its assets in the United States and transferred the funds to Asia. Another senior executive of an Asian bank cut the proportion of US assets in his personal investment portfolio by 60% and instead increased his holdings of cash and gold.