According to the firm’s Global Investment Trends survey which polled 20,706 retail investors across 28 countries in March, the average expected rate of return expected over the next 12 months is 12%. However, they believe to achieve these returns by investing almost half of their new investments in low-risk assets. European investors expect a slightly lower […]
Category: Analysis
Passive investors get back into EM equities
According to the group’s ETP Landscape publication, emerging market equity products saw $2.9bn in inflows during the month, as momentum for EM funds, particularly those with exposure to China and India picked up. As reasons for the growth in momentum, Blackrock cited the cautious tone of the Federal Reserve in March and April, hope for […]
US equities are unpopular, even Icelanders sell off
Some 36% of fund selectors our researcher met on her recent trip to the island plan to sell part of their US equity holdings, while none want to increase their allocation. Very much in line with Pan-European sentiment, the asset class to benefit most from the US equity selling will be European stocks. A little […]
Getting sick of Varoufakis – Grexit tops agenda at Expert Investor Portugal
Close to half of the audience of fund selectors assembled in Lisbon believed financial markets underestimate the risk of Greece leaving the eurozone (though at the same time only a quarter thought a Grexit would actually happen. “If some complacency has come into the market we are probably guilty of it as well,” admitted Richard […]
Icelandic fund selectors want to join euro
Although the Icelandic economy is back on a steady growth path, with GDP growth at 1.9% in 2014, strict capital controls, a relic of the banking crisis which struck the country in 2008, are still in place. Since autumn 2008, Icelandic investors have not been able to move any of their capital out of Iceland. […]
Basque fund selectors find value in convertible bonds
Some 57% of delegates at Expert Investor Bilbao last week said they will step up their allocation to convertibles, while none are planning to decrease it. This strong appetite for convertible bonds stands in sharp contrast with other fixed income. Some 56% of fund buyers in the Basque country plan to decrease their exposure to […]
UK investors flee to the continent amid election worries
£963m (€1.3bn) flowed out of UK equity funds on a net level over the month, compared to an average of £238m in inflows across the previous 12 months, while Europe ex-UK funds topped the best-sellers list with £663m in inflows compared to an average of £11m per month for the previous 12. “The last time […]
Dutch fund selectors overwhelmingly overweight Europe
Some 41% of interviewees told us they will (further) increase their allocation to European equities. This is similar to last September, but with the important difference that all fund buyers we met have increased their allocation to European equities in the meantime. So those who will decrease their allocation will do that from an overweight […]
Fund managers ridicule rating agencies at Expert Investor Denmark
“I don’t think rating agencies are corrupt, I believe they are incompetent,” Healey continued. Their analysts are often inexperienced as they are often quickly poached by investment banks, he explains. “They have a very opaque structure as well. All their decisions have to be reviewed by investment committees, which are populated by business people, not […]
Absolute return inflows keep breaking records
Inflows into alternative Ucits funds broke an all-time record for the second consecutive month in March. According to Morningstar’s European fund flows data, investors poured in €8.7bn over the month. Total net inflows in the first three months of the year now total € 19.8bn. Multistrategy funds remain the most popular category, with €3.3bn in […]
