Asset managers are very much on the same line as their clients, fund selectors, though the latter’s decline in appetite is of a less abrupt nature. EIE data show that the number of buyers of both global emerging market equities and Asian equities has been gradually declining since the final quarter of last year.
Developed market optimism
Expectations for US equities, on the other hand, edged higher from an all-time low. While a clear majority of asset managers were bracing for steep losses on the US market just a month ago, now only half expect it to drop more than 5% in the next year.
European markets dropped significantly in June amid worries about a chaotic Grexit, but this hasn’t unnerved asset managers. They continued to favour the asset class, with eight in ten respondents expecting it to deliver returns of more than 5% over the next 12 months.
Click here to see the results of the latest EIE Fund Manager Sentiment Survey.
