Table 1 shows the responses of investors at Expert Investor Spain.
Table 2 shows sentiment data gathered via fund selector interviews and online surveys, shortly before the event.
Table 1: Event voting
| 1.) For Fixed Income, do you prefer: | |
| Traditional | 15% |
| Multi-asset | 58% |
| Hedge | 25% |
| No preference | 3% |
| 2.) Re Convertible Bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 40% |
| Keep it the same / uncertain | 33% |
| Decrease your weighting | 5% |
| We don’t use this asset class | 23% |
| 3.) For European equities, do you prefer: | |
| Small-cap | 33% |
| Large cap | 44% |
| No preference | 23% |
| 4.) For European equities, do you prefer: | |
| Growth | 36% |
| Value | 51% |
| No preference | 13% |
| 5.) For European equities, do you prefer: | |
| Active | 93% |
| Passive | 3% |
| No preference | 5% |
| 6.) For European equities, do you prefer: | |
| Long-only | 56% |
| Long-short | 37% |
| No preference | 7% |
| 7.) For US equities, do you prefer: | |
| Small-cap | 27% |
| Large cap | 56% |
| No preference | 17% |
| 8.) For US equities, do you prefer: | |
| Growth | 40% |
| Value | 48% |
| No preference | 12% |
| 9.) For US equities, do you prefer: | |
| Active | 86% |
| Passive | 12% |
| No preference | 2% |
| 10.) For US equities, do you prefer: | |
| Long-only | 56% |
| Long-short | 37% |
| No preference | 7% |
| 11.) For EM equities, do you prefer: | |
| Small-cap | 21% |
| Large cap | 53% |
| No preference | 26% |
| 12.) For EM equities, do you prefer: | |
| Growth | 43% |
| Value | 26% |
| No preference | 31% |
| 13.) For EM equities, do you prefer: | |
| Active | 79% |
| Passive | 9% |
| No preference | 12% |
| 14.) For EM equities, do you prefer: | |
| Long-only | 69% |
| Long-short | 24% |
| No preference | 7% |
| 15.) Re low volatility strategies, over the next 12 months do you expect to: | |
| Increase your weighting | 63% |
| Keep it the same / uncertain | 18% |
| Decrease your weighting | 3% |
| We don’t use this asset class | 18% |
| 16.) Is the current government competent to manage the economy? | |
| Yes | 27% |
| No | 73% |
| 17.) Which is the greater threat? | |
| Inflation | 29% |
| Deflation | 71% |
Table 2: Pre-event sentiment
| 1.) Re global emerging market equities, over the next 12 months do you expect to: | |
| Increase your weighting | 19% |
| Keep it the same / uncertain | 38% |
| Decrease your weighting | 31% |
| We don’t use this asset class | 13% |
| 2.) Re developed European equities, over the next 12 months do you expect to: | |
| Increase your weighting | 69% |
| Keep it the same / uncertain | 19% |
| Decrease your weighting | 9% |
| We don’t use this asset class | 3% |
| 3.) Re UK equities, over the next 12 months do you expect to: | |
| Increase your weighting | 19% |
| Keep it the same / uncertain | 47% |
| Decrease your weighting | 9% |
| We don’t use this asset class | 25% |
| 4.) Re US equities, over the next 12 months do you expect to: | |
| Increase your weighting | 34% |
| Keep it the same / uncertain | 44% |
| Decrease your weighting | 19% |
| We don’t use this asset class | 3% |
| 5.) Re Asian equities, over the next 12 months do you expect to: | |
| Increase your weighting | 13% |
| Keep it the same / uncertain | 59% |
| Decrease your weighting | 16% |
| We don’t use this asset class | 13% |
| 6.) Re Japanese equities, over the next 12 months do you expect to: | |
| Increase your weighting | 34% |
| Keep it the same / uncertain | 44% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 9% |
| 7.) Re frontier market equities, over the next 12 months do you expect to: | |
| Increase your weighting | 6% |
| Keep it the same / uncertain | 38% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 44% |
| 8.) Re developed market government bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 6% |
| Keep it the same / uncertain | 41% |
| Decrease your weighting | 38% |
| We don’t use this asset class | 16% |
| 9.) Re developed market corporate bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 13% |
| Keep it the same / uncertain | 53% |
| Decrease your weighting | 28% |
| We don’t use this asset class | 6% |
| 10.) Re high yield bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 39% |
| Keep it the same / uncertain | 39% |
| Decrease your weighting | 16% |
| We don’t use this asset class | 6% |
| 11.) Re emerging market government bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 10% |
| Keep it the same / uncertain | 26% |
| Decrease your weighting | 35% |
| We don’t use this asset class | 29% |
| 12.) Re emerging market corporate bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 16% |
| Keep it the same / uncertain | 34% |
| Decrease your weighting | 22% |
| We don’t use this asset class | 28% |
| 13.) What is your broad macroeconomic outlook? | |
| Positive | 72% |
| Uncertain | 28% |
| Negative | 0% |
| 14.) Re absolute return strategies, over the next 12 months do you expect to: | |
| Increase your weighting | 56% |
| Keep it the same / uncertain | 31% |
| Decrease your weighting | 6% |
| We don’t use this asset class | 6% |
