A survey by RBC Wealth Management and Campden Wealth covering 155 North American family offices found that 85% rank artificial intelligence among their leading investment themes. Nearly 59% place it first for 2026, while 75% expect an AI investment bubble to burst within five years. Over a two-to-five-year horizon, however, 69% favor US equities ahead of AI at 64%, even though 41% plan to increase their AI exposure through private technology investments. Following strong performance in 2025, 84% expect their direct private equity investments to match or exceed the previous year’s results.
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