GLOBAL - Pension funds across the globe often share the same outlook for the future, according to AXA Rosenberg, at the completion of its investor conferences.
Around 200 attendees gave their views on the global economy in New York, London, Melbourne and most recently Tokyo.
Simon Vanstone, CEO Europe, AXA Rosenberg, told Global Pensions: “We were struck by the similarities across the regions rather than the differences.”
“Investors were mostly united in forecasting the continuing weakness of the US dollar, lower corporate earnings over the next 12 months and increased stock market volatility.”
More surprisingly, according to Vanstone, was investors’ interest in new products such as 130/30 and higher alpha products, especially in Australia and Europe.
As Global Pensions reported, each region was very conscious of its own stage in the economic cycle.
Japanese investors also believed thier economy was the most undervalued, with 75% in agreement.
Vanstone concluded that the conferences had been an interesting exercise.
He said: “It confirmed what we have been seeing for some time, that investors have become more aware of their own circumstances and how to use them to create alpha.”
For reports on the individual AXA Rosenberg conferences, see www.globalpensions.com
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