POWERED BY MOMENTUM MEDIA
Investment managers turn more cautious
Fund managers have turned significantly more cautious about the prospects for world growth and investment returns, according to the latest global survey of investment managers conducted by Towers Watson.
Announcing the results of the survey today, the company said the findings were in contrast to last year's survey, when managers expected the recovery to remain on track and were bullish on public equities and emerging markets.
Commenting on the findings, Towers Watson global head of investment Carl Hess said the global economic recovery remained as elusive and fragile as ever.
He said the second half of 2011 was a reminder that the fundamentals with respect to extreme indebtedness in the western world, and weak and uncertain prospects for growth, had not gone away.
Hess said these factors had clearly influenced mangers' outlook for 2012.
"As such this influential group of investment managers has shifted from expecting a continuing path to recovery and the avoidance of a double-dip recession in some markets, to anticipating a more volatile and patchy period defined by increased levels of risk, some growth and significantly lower returns," he said.
Hess' analysis pointed to continuing concern around Europe, but a view that the US outlook would continue to improve.
He said that managers had little concern about the fiscal situations in Canada, Australia and China.
AUTHOR
Mike Taylor
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
