Private banks are shifting their strategies in response to geopolitical and economic uncertainty, with a focus on alternatives and dynamic asset allocation, according to a Professional Wealth Management article.
PWM’s 10th annual Global Asset Tracker Survey, conducted during President Donald Trump’s first month back in office, reveals that his policies are set to reshape markets. Insights from CIOs and strategists at 50 private banks overseeing $25 trillion in assets indicate broad expectations of economic shifts under his leadership. While 94 percent of respondents anticipate ongoing economic impacts, their views on the outcomes remain divided.
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