In part two of this interview, Wilhelm Zehender lines out how much of his client’s portfolios are invested in absolute return funds, and how he keeps hunting for new strategies as more and more hedge fund managers set up funds in Ucits format.
Inflation is set to head higher in the US after Donald Trump’s victory, putting inflation-linked assets in the spotlight.
Emerging market equities and debt have been the most popular asset classes with European investors this year. But now Donald Trump’s election threatens to spoil the party.
Japan has reported third quarter annualised GDP growth of 2.2%.
Norwegian investors have been stepping up their allocation to US equities this year, but are planning a retreat following Donald Trump’s election victory. They are planning to invest even more money in their long-standing favourite asset class instead.
President-elect Donald J Trump’s aggressive positions on immigration, infrastructure spending and isolationism could push up wage and core inflation, commentators fear.
The Chinese press has been remarkably quiet on the new US president, but asset managers are weighing in on what they see as the negative impact of Trump’s protectionist views.
The surprise US election victory by Donald Trump has greatly increased uncertainty, yet asset prices are now back at similar levels as just a couple of days ago when a Clinton victory looked more likely.
Donald Trump has won the US presidential election, riding a wave of global anti-establishment sentiment in a Brexit-like manner, upending the status quo. Republicans also won a majority in both the Senate and House of Representatives.
Fund managers and fund selectors alike are haunted by the prospect of Trumpian rule, but still deem a Clinton victory more likely. However, it’s paramount investors don’t leave themselves too exposed to the consequences of a Trump triumph.
Out of the 500 largest asset managers, 34 are from China and they have had a collective CAGR of 18% the last five years, according to a Willis Towers Watson report.
Fund management companies expect the world’s highest returns over the next 12 months to be found in emerging markets. They have severely downscaled their return prospects for European equities over the past couple of months, apparently in response to the attitudes of their clients.
