Table 1 shows the responses of investors at Expert Investor Switzerland.
Table 2 shows sentiment data gathered via fund selector interviews and online surveys, shortly before the event.
Table 1: Event voting
| 1.) For US equities, do you prefer: | |
| Small-cap | 60% |
| Large cap | 40% |
| No preference | 0% |
| 2.) For US equities, do you prefer: | |
| Growth | 33% |
| Value | 50% |
| No preference | 17% |
| 3.) For US equities, do you prefer: | |
| Active | 83% |
| Passive | 17% |
| No preference | 0% |
| 4.) For US equities, do you prefer: | |
| Long-only | 50% |
| Long-short | 50% |
| No preference | 0% |
| 5.) For Emerging Market equities, do you prefer: | |
| Small-cap | 33% |
| Large cap | 50% |
| No preference | 17% |
| 6.) For Emerging Market equities, do you prefer: | |
| Growth | 50% |
| Value | 33% |
| No preference | 17% |
| 7.) For Emerging Market equities, do you prefer: | |
| Active | 83% |
| Passive | 17% |
| No preference | 0% |
| 8.) For Emerging Market equities, do you prefer: | |
| Long-only | 57% |
| Long-short | 43% |
| No preference | 0% |
| 9.) For European equities, do you prefer: | |
| Small-cap | 50% |
| Large cap | 30% |
| No preference | 20% |
| 10.) For European equities, do you prefer: | |
| Growth | 30% |
| Value | 50% |
| No preference | 20% |
| 11.) For European equities, do you prefer: | |
| Active | 78% |
| Passive | 22% |
| No preference | 0% |
| 12.) For European equities, do you prefer: | |
| Long-only | 33% |
| Long-short | 56% |
| No preference | 11% |
| 13.) For Fixed Income do you prefer: | |
| Traditional | 33% |
| Multi-asset | 11% |
| Hedge | 22% |
| No preference | 33% |
| 14.) What will be the fate of the euro? | |
| It will not exist in 2 years | 0% |
| It will not exist in 10 years | 14% |
| It will continue | 86% |
| 15.) What should happen to the euro? | |
| It should stay as it is | 83% |
| The fiscally strong states should form a separate union | 17% |
| We should go back to one country, one currency | 0% |
| 16.) Which is the greater threat? | |
| Inflation | 14% |
| Deflation | 86% |
Table 2: Pre-event sentiment
| 1.) Re global emerging market equities, over the next 12 months do you expect to: | |
| Increase your weighting | 31% |
| Keep it the same / uncertain | 50% |
| Decrease your weighting | 19% |
| We don’t use this asset class | 0% |
| 2.) Re developed European equities, over the next 12 months do you expect to: | |
| Increase your weighting | 56% |
| Keep it the same / uncertain | 31% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 0% |
| 3.) Re UK equities, over the next 12 months do you expect to: | |
| Increase your weighting | 19% |
| Keep it the same / uncertain | 63% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 6% |
| 4.) Re US equities, over the next 12 months do you expect to: | |
| Increase your weighting | 31% |
| Keep it the same / uncertain | 38% |
| Decrease your weighting | 31% |
| We don’t use this asset class | 0% |
| 5.) Re Asian equities, over the next 12 months do you expect to: | |
| Increase your weighting | 38% |
| Keep it the same / uncertain | 44% |
| Decrease your weighting | 6% |
| We don’t use this asset class | 13% |
| 6.) Re Japanese equities, over the next 12 months do you expect to: | |
| Increase your weighting | 13% |
| Keep it the same / uncertain | 31% |
| Decrease your weighting | 25% |
| We don’t use this asset class | 31% |
| 7.) Re developed market government bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 19% |
| Keep it the same / uncertain | 25% |
| Decrease your weighting | 56% |
| We don’t use this asset class | 0% |
| 8.) Re developed market corporate bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 38% |
| Keep it the same / uncertain | 44% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 6% |
| 9.) Re high yield bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 38% |
| Keep it the same / uncertain | 31% |
| Decrease your weighting | 25% |
| We don’t use this asset class | 6% |
| 10.) Re emerging market government bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 13% |
| Keep it the same / uncertain | 69% |
| Decrease your weighting | 19% |
| We don’t use this asset class | 0% |
| 11.) Re emerging market corporate bonds, over the next 12 months do you expect to: | |
| Increase your weighting | 31% |
| Keep it the same / uncertain | 56% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 0% |
| 12.) What is your broad macroeconomic outlook? | |
| Positive | 63% |
| Uncertain | 31% |
| Negative | 6% |
| 13.) Re absolute return strategies, over the next 12 months do you expect to: | |
| Increase your weighting | 50% |
| Keep it the same / uncertain | 25% |
| Decrease your weighting | 13% |
| We don’t use this asset class | 13% |
