Via Citi:
Citi Private Bank today released results from a survey led by the Private Capital Group, providing a rare insight into the thinking of some of the world’s sophisticated family offices and investors during an unprecedented health and economic crisis.
In one of the private banking industry’s most comprehensive polls* of investor sentiment since the onset of the COVID-19 pandemic, ultra-high net worth individuals and family offices flagged a mood of caution, cash conservation, and monitoring investment opportunities and risks created by the pandemic driving their thinking.