parisians embrace em risk

At the 2012 Expert Investor France conference, delegates were equally enthused by emerging and frontier market equities, with a net 35% planning higher weightings to both regions (see table).

However, at this year’s event – held last week at the Four Seasons Hotel George V – fund selectors expressed a strong preference for smaller developing economies. While a net 18% of delegates expected to increase their EM exposure, two-thirds planned higher frontier market weightings.

Indeed, no other equity region received such a positive response from the audience. Europe was next in terms of overall popularity with a net reading of 47%, followed by the US (39%).

It was a similar story in EM fixed income, with appetite for government debt turning negative over the past year while demand for higher-yielding corporate bonds remained positive (see table).

Expert Investor France delegates gave their views on a range of macroeconomic and investment topics. Platinum members can view a full breakdown of the event voting data here, as well as charts showing how French investor appetite for various asset classes has changed over time, here.

Over the next 12 months, what do you expect to do with your weightings to:
  Expert Investor France ’12 Expert Investor France ’13
Global emerging market +35% +18%
Frontier market +35% +67%
Emerging market govt +40% -29%
Emerging market corporate +30% +17%

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Part of the Mark Allen Group.