Family Offices, Wealthy Investors Wary of Investment Risks

Asked what portfolio changes they now planned to make, 56% said "some tactical changes," while only 14% said "significant portfolio changes."

Among other findings, the survey found that 59% of family offices had boosted allocations to direct investments for the next 12 months, continuing a theme of how ultra-rich individuals are being drawn to this space, according to Citi Private Bank.

As to clients' top direct sector investment preferences in a post-coronavirus world, 24% of respondents named information technology, 16% health care and 15% real estate.

"Our findings capture the sentiment of respondents from all regions of the globe," Stephen Campbell, managing director and chairman of Citi Private Bank's private capital group, said in a statement.

Campbell noted that family offices and ultra-wealthy individuals had weathered the crisis well, and had positioned themselves well to deploy further capital, especially in private markets.

"However, it cannot be ignored that the survey found liquidity to be at a premium, and clients often willing to sacrifice short- to medium-term returns to maintain that," he said.

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