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sentiment survey 2014 q1 spain

The voting results from fund selectors in Barcelona in February 2014

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%

 

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