Family offices are largely shunning both traditional and emerging hedges such as gold, cryptocurrency and infrastructure due to high inflation concerns, according to J.P. Morgan.

The bank’s 2026 Global Family Office Report revealed that 72 per cent of global family offices hold no gold in their portfolios, while a striking 89 per cent remain on the sidelines when it comes to cryptocurrencies.

“Despite the pervasive sense of geopolitical risks, appetite for traditional and emerging hedges remains limited,” the report said.

“Nearly three-quarters (72 per cent) of offices are not investing in gold – those that appear to be are investing very little, with an average global allocation of only 0.9 per cent … more than…