Recent market data indicates that family office investing is leaning toward renewable energy equities, capitalizing on the 12% YoY revenue growth reported by top solar companies in 2024's first quarter. On the other side of the coin, cement buyers who may want to reduce their emissions are having a hard time finding low-carbon cement because the suppliers don't think there is enough demand for it. SCoBA will connect its members with leading producers of clean cement. “We’re a relationship bank,” added Salman Mahdi, the Private Bank’s Global Vice Chairman. “We’re 154 years old, and we have multi-generational relationships. So, we’re fully aligned with the values of family offices and their priorities. By putting together events like this, we’re not just bringing family offices to listen to what we have to say but letting them interact and share ideas with each other. We’re building a community.” U.S. semiconductor stocks remain a core position in family office investing, following 20% YTD gains in the Philadelphia Semiconductor Index.
