Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • M&A Deals
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Square Mile Research
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Asset managers stick to European and Japanese equities

By , 5 Aug 16

Asset managers have been too optimistic in their return forecasts for European and Japanese equities over the past 18 months or so. Despite having faced disappointing returns over the past year or so, they are not yet prepared to meaningfully lower their expectations.

Asset managers have been too optimistic in their return forecasts for European and Japanese equities over the past 18 months or so. Despite having faced disappointing returns over the past year or so, they are not yet prepared to meaningfully lower their expectations.

The UK’s vote for Brexit has done little to affect fund manager sentiment.

The latest poll from International Adviser’s sister publication Expert Investor’s shows the majority of respondents still expect the asset class to generate returns in excess of 5% over the next 12 months.

Though fund houses’ return expectations for European equities are now at their lowest since January 2015, this says more about the exuberant bullishness they had been displaying recently.

 

 

The fact that asset managers retain confidence in Japanese equities is even more striking. Even though the asset class has been building a reputation that it can only generate returns when the yen is depreciating versus other currencies, the vast majority of fund houses continue to believe returns from Japanese equities in local currency will exceed the 5% mark over the next 12 months. 

Asset managers don’t think greatly about the best performing asset class this year, and the current favourite with fund buyers: emerging market equities.

Only a handful of fund management houses are convinced that the asset class will do well over the next 12 months, while most have a neutral outlook. 

Tags: Brexit

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Alternatives

    Industry reacts as Trump imposes tariffs across the globe

    Equities

    Global trade war concerns shake markets

  • Companies

    Fairstone and JP Morgan AM unveil strategic partnership

    Alternatives

    Geoff Cook on global trends amid Trump inauguration


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.