AI FOMO driving some family offices to AI investments, survey suggests
A survey of 155 North American family offices reveals that 85% view AI as a top investment theme despite widespread fears of a market bubble. Investors are balancing short-term FOMO-driven AI bets with a long-term preference for traditional U.S. equities.
Why it matters
It illustrates the tension between speculative AI investment trends and traditional wealth management strategies among high-net-worth investors.
A version of this article appeared in CNBC's Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Eighty-five percent of family offices rank artificial intelligence as their top investment theme, despite 75% expecting an AI bubble to burst within the next five years, according to a new survey. The poll of 155 North American family offices was conducted by RBC Wealth Management and Campden Wealth.
RBC's Bill Ringham said these mixed feelings about AI can be traced to several potential factors, including cautious optimism about the technology and concerns about sitting on the sidelines of an investment boom.
"Even patient capital can be caught up in the fear of missing out," said the director of private wealth strategies.
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