Goldman Sachs analysts states that family offices will monitor digital assets and Blockchain technology more broadly for future investment
In a recent analysis from Goldman Sachs the firm found that the EMEA region are focused on green investment but are shying away from cryptocurrency. As per the report nearly 100 percent of survey respondents invest in private equity with a focus on emerging and disruptive trends including biotech, food technology and energy transition. In Europe, the Middle East and Africa (EMEA), family offices are ahead of their global counterparts on environmental, social and governance (ESG) investing, according to new data from Goldman Sachs.
In EMEA region 80 percent of regional respondents saying they are “extremely focused on implementing ESG principles” and the region reporting the lowest total (32 percent) of family offices that haven’t begun implementing ESG strategies in their portfolios. These same investors are increasingly critical of the environmental impacts of bitcoin mining as per the report. Regardless 50 percent indicated their interest in exposing themselves to cryptocurrency in the future, but in the EMEA region, 57 percent of respondents said they were not investing in digital currencies and would not be interested in investing in any form of cryptocurrency, with the most often reason (48 percent) cited that they do not currently believe cryptocurrency is a good store of value. Only 8 percent of EMEA respondents said they are currently investing in cryptocurrency.
“Outside of cryptocurrencies, we expect to see family offices monitoring the evolution and potential use cases for other digital assets and blockchain technology more broadly for future investment opportunities,” the Goldman Sachs analysts wrote.