Investors are turning their attention to alternative asset classes.
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Investors are turning their attention to alternative asset classes.
PGIM Investment’s Gatekeeper Pulse study canvassed the views of 210 Asian and European gatekeepers at large global financial institutions, all of which have assets under management of at least $1bn.
Geopolitical diversification of their assets is a major focus for the region’s rich, who are also keen to turn to specialists for advice.
Polls taken at FSA’s events in Kuala Lumpur and Bangkok last week highlight some common investment themes yet diversity in approaches.
The firm’s outlook for the rest of 2023 encourages a look beyond the usual suspects into Asia’s structural shifts as well as US financials, healthcare, industrials and consumer discretionary.
The Swiss private bank also favours government bonds and investment investment grade credit.
The Geneva-headquartered wealth manager also said that investors should be selective when it comes to fixed income.
Investment grade bonds and Treasuries could offer attractive opportunities due to the rise in interest rates.
Pictet Wealth Management believes higher quality credits will prove increasingly attractive in 2023.
Short-term sentiment has been boosted after the Chinese government announced plans to relax restrictions, said market observers.
Part of the Mark Allen Group.