New Delhi, May 26 -- Global trade wars are biggest risk to the investment this year, followed by major geopolitical conflict, and higher inflation, revealed Global Family Office Report 2025 by UBS.

According to the survey conducted in the first quarter of 2025, it reveals that, when asked about the greatest threats to their financial objectives over the next 12 months, more than two-thirds (70 per cent) highlighted a trade war.

However, family offices expressed their concern before Trump administration's announcement of US tariffs.

Additionally, looking ahead five years, family offices are also concerned about the risks that may follow serious trade disputes, with almost two-thirds (61 per cent) worrying about major geopolitical confli...