At a Fund Selector Asia event held in late May, asset managers as well as fund selectors and wealth management professionals said their focus is shifting from the U.S. to European equities due to gradual recovery in the euro region.
Nearly one-third of the fund selectors who were polled during the event believed European markets looked attractive over the next one-year followed by China and emerging markets that were favoured equally, each receiving 25% of votes. World’s largest economy seemed attractive to only 16.7% of the respondents.
Most attractive equity market on a 12-month outlook
| US | 16.70% |
| UK | 0.00% |
| Europe | 33.33% |
| China | 25.00% |
| General emerging markets | 25.00% |
Macro economic global outlook
| Bullish | 39.1% |
| Neutral | 52.2% |
| Bearish | 8.7% |
Preferred asset class for investing your own money for the next 12 months
| Equities | 40.0% |
| Bonds | 8.0% |
| Multi-asset | 24.0% |
| Commodities | 0.0% |
| Property | 8.0% |
| Cash | 0.0% |
| Alternatives | 20.0% |
Larger asset management hub in next five years
| Hong Kong | 42.9% |
| Singapore | 57.1% |
World’s biggest economy by 2064
| US | 23.5% |
| China | 64.7% |
| India | 5.9% |
| European Union | 5.9% |
| Japan | 0.0% |
| Others | 0.0% |
