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Lombard Odier

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The Reference Currency Decision

Private Wealth

20 Oct 2026

The Reference Currency Decision

As Asia-Pacific private banks and family offices set 2027 mandates, the choice that governs investor outcomes is the reference currency and the hedge policy beside it. Pictet's published beliefs treat that currency as a significant influence on allocation and construction, not as a starting line in a published sequence. No 2027 Asia-Pacific model weight should be inferred.

APAC HNW anxiety is high. Comprehensive asset allocation is still rare.

Private Wealth

2 Oct 2026

APAC HNW anxiety is high. Comprehensive asset allocation is still rare.

Lombard Odier’s regional work with more than 390 high-net-worth individuals across eight Asia-Pacific markets finds only about one in five guided by a comprehensive asset allocation strategy, even as more than half express deep concern about market conditions. Confidence in portfolio fitness remains high. Structure is the gap.

Asia Credit Is a Carry Sleeve. Spreads Are Not the Whole Story.

Opinion

17 Sep 2026

Asia Credit Is a Carry Sleeve. Spreads Are Not the Whole Story.

UBS GWM’s mid-2026 Asia note put Asia investment-grade all-in yields near 5.3 per cent and a 93 basis-point pick-up over same-tenor US Treasuries, against 64 basis points for US IG. Asia high-yield dollar paper has returned 4.3 per cent year to date against 1.8 per cent for US peers, Bloomberg data compiled by The Business Times show. The allocation question is carry and selection, not a spread-tightening thesis.

Asia DPM Allocation After US Concentration

Private Wealth

16 Sep 2026

Asia DPM Allocation After US Concentration

Discretionary books in the region are being rebuilt around a reduction in US equity weight. Lombard Odier’s published 2026 Asia DPM stance overweight emerging-market equities, underweight US equities, holds fixed income neutral with an EM-bond tilt, uses convertibles for optionality and treats gold as a core holding. Digital assets are excluded.

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