2017 Investor Pulse. Switzerland MKTG0817E

Size: px
Start display at page:

Download "2017 Investor Pulse. Switzerland MKTG0817E"

Transcription

1 2017 Investor Pulse Switzerland

2 What s on the mind of Switzerland s wealthy investors? Welcome to the latest edition of Investor Pulse, the world s most extensive survey of behaviour among investors. In this edition we conducted 181 interviews with a representative sample of High Net Worth and Mass Affluent individuals in Switzerland. On average, their investable assets were CHF 1.6 million, and none held less than CHF 500,000. Our interviewees gave detailed information on their current financial situation and their feelings about the future. The results provide fascinating insights into the minds of today s wealthiest investors in this period of global uncertainty.

3 Contents Investor sentiment Pg. 02 Behaviour in relation to investing cash Pg. 04 Investment management and financial advice Broadening investor understanding Retirement concerns Pg. 14 Pg. 18 Pg. 20 Five points to remember Pg. 24

4 Investor sentiment A positive outlook Wealthy Swiss investors are very confident and positive about the future, particularly compared to wealthy investors in other countries. The figures for confidence and comfort have risen since the previous survey in 2015, from 35 to 39% and 22 to 28% respectively. However, this rise in confidence has coincided with an increase in uncertainty. Swiss investors have seen their sense of certainty about their financial future fall from 19 to 12% and many are concerned about the potential for rising volatility in financial markets. Investor Pulse shows that this increased uncertainty is making investors more entrenched, and more likely to stick to investment types they already know. 2 INVESTOR PULSE

5 How do Swiss investors feel about their financial future? Confident Comfortable 39 % 28 % 22 % (2015) 35 % (2015) INVESTOR PULSE 3

6 Nearly half are worried about currency stability. Franc fears Currency movements remain a major investment concern. The last Investor Pulse survey took place in February 2015, immediately after the Swiss National Bank s decision to remove the franc s peg to the euro and introduce negative interest rates. This led to great uncertainty that continues to this day. Nearly half of people are worried about currency stability, and one in five described this as their greatest concern. Many are also concerned about the future direction of the EU. But they are not reacting to this by changing their portfolios. In fact, the greater the uncertainty, the more likely many investors are to be passive; 19% of wealthy people state that no political or economic event would prompt them to change their investment strategy. 4 INVESTOR PULSE

7 Effect of macro-economic events on investment decisions 45 % Foreign currency volatility 44 % Rising geopolitical uncertainty 34 % Brexit and the future of the EU 32 % Recent and upcoming European elections 27 % The election of Trump as POTUS INVESTOR PULSE 5

8 Preferring the familiar One trend has clearly emerged: investors increasingly react to geopolitical and economic uncertainty by investing in the familiar. They avoid unfamiliar asset classes much more than in previous years. For many, cash plays a decisive role in capital growth and preservation. The more cash in their overall assets, the more they feel they have their finances under control. Only a handful (28%) of wealthy investors considered changes to their portfolio because of recent political and economic events. Of those who did make changes, 39% were concerned about Trump s election. So far, the 2017 elections in various European countries have had little effect. The attitude of most wealthy people is still positive. 6 INVESTOR PULSE

9 All told, Swiss investors feel capable of taking the right investment decisions, even in the currently challenging geopolitical environment. They feel secure with the decisions they make. This perhaps explains why many wealthy Swiss people hesitate with retirement planning. Very few have a concrete financial plan, despite the general increase in healthcare costs, particularly in old age, which ranks among the leading concerns in our survey. Effect of macro-economic events on investment decisions Over 1/4 of investors changed their portfolios as a consequence of any global event of which 39 % changed after Trump s election INVESTOR PULSE 7

10 Behaviour in relation to investing cash Cash remains as popular as ever Saving is a widespread reaction to political instability. Record-low or even negative interest rates already being passed on to customers in Switzerland to some extent make no difference. The proportion of cash remains high, accounting for a third of all assets held in portfolios. As in 2015, the proportion of assets held in cash is higher among investors who do not use professional advice. More than 80% of wealthy people in Switzerland are invested in equities. Funds, real estate and bonds are much less widespread. Only a few investors use alternative investments, which are rarely seen as a diversification option. On the other hand, bonds and ETFs have become more popular in the past few years. 8 INVESTOR PULSE

11 Cash accounts for a third of all assets held in portfolios. Where do the Swiss investors keep their personal savings and investment products? 96 % 81 % hold some cash deposits and saving accounts invest in equities INVESTOR PULSE 9

12 What do investors change? Those who do make changes to their portfolios tend to sell individual equities and increase their cash holdings, invest in investment funds, REITS (Real Estate Investment Trust) and commodities, and there is a tendency to retreat to known regions. 97% of investors have fully or partially shifted their assets back into Switzerland, increasing allocations in the domestic market. A similar pattern is seen in currencies. Wealthy Swiss investors prefer the Swiss franc, followed by the euro and then the dollar. Changes in investment allocations following macro-economic event by region Switzerland EU USA 68 % 14 % 16 % 29 % 46 % 47 % -2 % -41 % -38 % Increase(d) investments Keep the same investments Decrease(d) investments 10 INVESTOR PULSE

13 Where is growth coming from? When considering future growth regions, wealthy investors believe in staying close to home. They view western Europe and Scandinavia as having the highest growth opportunities. Investors who receive advice are much more positively disposed towards emerging markets and the Asia/Pacific region than those who do not. Many of those who are not advised state that they do not know these regions well enough to invest in them. Developed Markets Western Europe, Scandinavia 54 % Emerging Markets Pacific (including China, India, Indonesia, Malaysia, Taiwan, Thailand) Developed Markets Americas (US/Canada) 46 % 45 % Developed Markets Pacific (Australia, Hong Kong, Japan, Singapore) 40 % INVESTOR PULSE 11

14 Swiss hold cash despite low rates As already stated, cash allocations remain very high, despite negative interest rates. This is true particularly for investors with assets valued between CHF 1 and 2 million, this proportion has risen since the last survey in % of those questioned even declare that nothing could stop them from holding a lot of cash. They want security, and associate security with a high proportion of cash. Almost half of wealthy people state that they would change their bank if it imposed negative interest rates on them. Investors hold on average 33 % in cash savings This number is unchanged from our previous study in The risk of losing clients in this way remains a real one for banks. 12 INVESTOR PULSE

15 However many investors state that, given the low interest rate situation, they are willing to invest in alternatives welcome news to advisers with expertise in this field. Likely reaction in the event of banks charging a negative interest rate 48 % 29 % 12 % 10 % 2 % I would move all of my cash to another bank which would not charge me I would look to invest into a wider range of financial products, such as equities and bonds I would put more money into other assets such as property, gold or other collector's items Nothing. I am willing to have a negative interest rate to know my money is safe I would seek to move my cash into an overseas bank account INVESTOR PULSE 13

16 Investment management and financial advice Financial planning The more money someone has, the greater the likelihood that he or she takes professional investment advice. Investor Pulse shows that 67% of wealthy investors do take advice. Investment products such as alternative investments, which are not easily understood, are rarely used by investors who do not use an adviser. 14 INVESTOR PULSE

17 67 % seek professional advice INVESTOR PULSE 15

18 Local advice is important One might expect wealthy individuals to rate their adviser well for achieving performance. But in fact, many other factors are needed for investors to keep faith with advice. Trust and reputation are extremely important. 63% of those questioned stated that these are the main criteria. Fees also play a major role. Performance was decisive for only 29%, and wealthy people by and large put more trust in Swiss institutions than foreign ones. Swiss origin is more important to wealthy investors than in the previous survey in 2015, with the figure rising from 26 to 35%, again a sign perhaps of investors wanting to stick to what they know and trust. The trust and reputation enjoyed by an institution are extremely important. 16 INVESTOR PULSE

19 Overall, 65% of people are satisfied with their adviser. This figure is in line with surveys overseas that show, for example, satisfaction of 69% in the United States 1. These figures are undoubtedly good, but there is room for improvement. Personal relationships, frequency of contact, and high quality information about macro events are key factors in client satisfaction. Only 41% of wealthy individuals state that they are sufficiently informed about macro developments. This suggests that advisers should try to address global issues even if they do not have an answer to every question. Satisfaction with financial adviser 63 % Quality of team assigned 41 % How do they keep me informed on current affairs 1 Source: 2017 US Investor Pulse survey 41 % INVESTOR PULSE 17

20 Broadening investor understanding Alternative investments Only a very few investors state they are well informed about the different alternative investment asset classes; only 4% are very familiar with either commodities or hedge funds, 6% are very familiar with private equity and 10% are very familiar with REITS. More claim some level of knowledge, but across all four classes most people know very little. Even among investors who do hold each product type, the proportion claiming to be very or somewhat familiar could be higher, suggesting some investors are buying these products even though they don t fully understand them. However, the stated likelihood of increasing allocations to these asset classes is low, which means investors are potentially missing out on the benefits these products can offer. 18 INVESTOR PULSE

21 Alternative investments are seen as volatile and illiquid We have seen that wealthy investors are wary of alternative investments because they do not understand them. Many also have preconceptions that alternative investments are volatile and illiquid and lack capital protection in a crisis situation. Because they do not really understand the products, wealthy people often regard them as irrelevant. Only a very few state that these products are created for people like them (ranging from 2% to 5%). In the alternative investment category, wealthy investors still place the greatest confidence in real estate and see it as a good way to diversify, even if allocations are still low. It could be useful for investors to know more about the different asset classes within alternative investments. Explaining them with simple, clear language is the key to creating trust. Lack of knowledge leads to passiveness Very familiar/ I do understand them They are for me REITS 10 % 5 % Private equity Hedge funds Commodities 6 % 5 % 4 % 3 % 4 % 2 % INVESTOR PULSE 19

22 Retirement concerns Planning High taxes and the adequacy of future returns worry wealthy individuals in Switzerland. One in four also worries about the quality of advice they receive. All of these factors make it more difficult to plan effectively for retirement. One in four investors worries about the quality of advice received. 20 INVESTOR PULSE

23 Those questioned consider it important to receive the best possible medical care in old age. This concern has become even greater in the past two years also the question of how lifestyles can be maintained after retirement remains an important issue at 36%. For many people, it is reassuring to know that they have sufficient cash to meet any emergencies. But it is important to make it clear to people that holding high proportions of cash might not provide genuine capital protection, as the value of the cash will be eroded by inflation over the medium- to long-term. INVESTOR PULSE 21

24 The failure to plan for retirement flies in the face of the priorities that wealthy people mention in the survey. For them, building up or maintaining old-age provision is important. In doing so, many rely on their own or their family s assets. What are the Swiss investors retirement plans? 55 % 45 % 45 % 40 % % % No plans needed. Financial situation is strong Will receive a state pension Have invested specifically to provide for their retirement. 22 INVESTOR PULSE

25 Despite this lack of precise planning many investors still invest in personal or company pensions, or hold other investments designated for retirement. Consequently investors who are not currently retired see their retirement income coming from a variety of different sources. 41% believe they will stay invested in their existing pension arrangement and draw down income from that fund. 37% believe they will use rental income from property, with 35% saying they will reinvest in other savings and investments. Sources of income in retirement 35 % 37 % 41 % invest the money in other savings and investments invest in property and use the rental income stay invested and draw down from exisiting retirement fund(s) INVESTOR PULSE 23

26 Five points to remember 1 Good advisers pay for themselves Advisers provide wealthy Swiss individuals with many benefits provided, of course, they understand their trade. Good advisers make sure their clients have broadly diversified investments. They also increase individuals awareness of timely retirement planning which helps instil confidence about their financial future. 2 Fewer missed opportunities Wealthy Swiss individuals are not alone in relying too heavily on their cash. Many people want to put cash to one side in uncertain times and simply wait and see what turns up. Since long-term financial objectives like financing retirement represent an important issue for wealthy Swiss individuals, the time is right to look at alternatives to cash. If the aim is to increase one s wealth, cash offers only very limited potential particularly in times of record-low interest rates. Anyone holding large quantities of cash may be missing out on better investment opportunities. 24 INVESTOR PULSE

27 3 Home is assumed to be a safe refuge What is privately referred to as cocooning when people retreat into their homes, seeking protection against an ever more uncertain world can also be observed in investment behaviour. For many wealthy individuals, an investment in Switzerland and Swiss francs is regarded as more secure. They have the sense that they are familiar with the current environment. In doing so, investors are ignoring the fact that they would be badly positioned in the event of a domestic crisis and that regional diversification would reduce risks. 4 Knowledge gives a competitive edge In our survey, we saw that many investors know only a little about alternative investments. This lack of knowhow means that they are sceptical about this investment category and therefore might not be allocating enough of their assets for optimal performance. Portfolios enriched with alternative investments can outperform comparable traditionally-invested portfolios over the long term. It is important to keep investors informed if concerns are to be reduced and confidence built up. 5 How we will increase our long-term assets The good news is we will probably live longer and more healthily than our parents and grandparents. But we need to make financial provisions to provide for this. Given the long time period involved, it makes sense to invest smaller amounts regularly, rather than trying to find the perfect moment to invest a large amount all at once. INVESTOR PULSE 25

28 Why BlackRock BlackRock helps people around the world, as well as the world s largest institutions and governments, pursue their investing goals. We offer: - A comprehensive set of innovative solutions, including mutual funds, separately managed accounts, alternatives and ishares ETFs - Global market and investment insights - Sophisticated risk and portfolio analytics We work only for our clients, who have entrusted us with managing $5.7 trillion*, earning BlackRock the distrinction of being trusted to manage more money than any other investment firm in the world. *AUM as at 30 June Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: Registered in England No For your protection telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (UK) Limited. Past performance is not a guide to current or future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time. Any research in this document has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, ishares, BUILD ON BLACKROCK, SO WHAT DO I DO WITH MY MONEY and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners JULY2017 Want to know more? blackrock.ch switzerland@blackrock.com +41 (0)

Guide to absolute return investing

Guide to absolute return investing FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY Guide to absolute return investing January 2018 September 2016 Page What is absolute return investing? 2 What are the main investment techniques?

More information

ASIAN INSURERS: ADAPTING INVESTMENT STRATEGIES TO A CHANGING WORLD

ASIAN INSURERS: ADAPTING INVESTMENT STRATEGIES TO A CHANGING WORLD FOR PROFESSIONAL AND INSTITUTIONAL INVESTOR USE ONLY NOT FOR PUBLIC DISTRIBUTION (PLEASE READ IMPORTANT DISCLOSURES) ASIAN INSURERS: ADAPTING INVESTMENT STRATEGIES TO A CHANGING WORLD Based on a Global

More information

INVESTOR PULSE SURVEY 2013 WHAT AUSTRALIAN INVESTORS ARE THINKING INVESTOR PULSE

INVESTOR PULSE SURVEY 2013 WHAT AUSTRALIAN INVESTORS ARE THINKING INVESTOR PULSE INVESTOR PULSE SURVEY 2013 WHAT INVESTORS ARE THINKING INVESTOR PULSE BLACKROCK INVESTOR PULSE 2013 P E O P L E A C R O S S 1 2 C O U N T R I E S S U R V E Y E D B Y C I C E R O [2] BLACKROCK INVESTOR

More information

Smarter Scheme Design In a Drawdown Environment

Smarter Scheme Design In a Drawdown Environment Smarter Scheme Design In a Drawdown Environment Claire Finn 12 th April 2016 The New World Retirement Utopia Tools to retirement The journey to get there Single Landing Point Multiple Landing Points How

More information

Global Investment Trends Survey May A study into global investment trends and saver intentions in 2015

Global Investment Trends Survey May A study into global investment trends and saver intentions in 2015 May 2015 A study into global investment trends and saver intentions in 2015 Global highlights Schroders at a glance Schroders at a glance At Schroders, asset management is our only business and our goals

More information

Accessing China FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY. Why China? The markets. The BlackRock Chinese equity fund range. blackrock.

Accessing China FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY. Why China? The markets. The BlackRock Chinese equity fund range. blackrock. FOR PROFESSIONAL CLIENTS AND QUALIFIED INVESTORS ONLY MAY 2018 Why China? Accessing China The BlackRock Chinese equity fund range China is a market of opportunities. Backed by the world s largest population,

More information

Navigating Emerging Market Turbulence

Navigating Emerging Market Turbulence Navigating Emerging Market Turbulence Susan Rohe November 2018 FOR PROFESSIONAL CLIENTS / QUALIFIED INVESTORS ONLY Learning Objectives 1 Emerging markets: Looking beyond the volatility 2 Current landscape

More information

blackrock consensus funds simple, transparent investment solutions

blackrock consensus funds simple, transparent investment solutions blackrock consensus funds simple, transparent investment solutions for professional investors only Tony Stenning Head of BlackRock UK Retail Business We ve developed BlackRock Consensus Funds as our core

More information

Creating a sustainable core

Creating a sustainable core FOR PROFESSIONAL, INSTITUTIONAL, QUALIFIED AND WHOLESALE INVESTORS/CLIENTS ONLY BLACKROCK IMPACT SCREENS ESG IMPACT Creating a sustainable core Deborah Winshel Managing Director Global Head of Impact Investing

More information

Schroders Institutional Investor Study 2018 An Insurance Focus

Schroders Institutional Investor Study 2018 An Insurance Focus Schroders Institutional Investor Study 2018 An Insurance Focus Marketing material for investment professionals and advisers Contents 3About this survey 4Executive summary 5Return expectations fall as risk

More information

Principles of Buy-Side Risk Management

Principles of Buy-Side Risk Management Principles of Buy-Side Risk Management Bennett W. Golub, PhD Chief Risk Officer June 16, 2014 Table of Contents Principles of Risk Management I. Risk Management Requires Institutional Buy-In II. Institutional

More information

Global Investment Outlook

Global Investment Outlook Global Investment Outlook Ewen Cameron Watt June 16 FOR PROFESSIONAL CLIENTS ONLY - UKRSM-16 Asset performance YTD Sterling Returns Brent Crude Oil Gold German Bund ML Global High Yield JPM EMBI Emerging

More information

February The Fund Guide. Investing your money with confidence

February The Fund Guide. Investing your money with confidence February 2018 The Fund Guide Investing your money with confidence Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland s most

More information

The Power of Protection Confidence in the future. Global Report

The Power of Protection Confidence in the future. Global Report The Power of Protection Confidence in the future Global Report Contents 4 Foreword 6 Key findings 8 A positive outlook 10 Planning for the future 14 Sufficiently prepared? 18 Taking responsibility 22 Practical

More information

European Money Market Fund Reform 7 Jul 2017

European Money Market Fund Reform 7 Jul 2017 CASH MANAGEMENT European Money Market Fund Reform 7 Jul 2017 On Monday, 28 November 2016, the European Parliament, Council and Commission agreed to a final legislative text on European Money Market Fund

More information

Return on values. UBS Investor Watch. Most sustainable investors expect better performance, bigger impact

Return on values. UBS Investor Watch. Most sustainable investors expect better performance, bigger impact UBS Investor Watch Global insights: What s on investors minds / 2018 Volume 2 Return on values Most sustainable investors expect better performance, bigger impact Every day, wealthy investors make spending,

More information

UBS Investor Watch. Global insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades

UBS Investor Watch. Global insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades UBS Investor Watch Global insights on investor sentiment / 2Q 2018 The century club The rising prospect of living ten decades The idea of living a century was once confined to science fiction. But no longer.

More information

Big Data 2.0 The future of quantitative investing

Big Data 2.0 The future of quantitative investing Big Data 2.0 The future of quantitative investing Raffaele Savi Co Head, Scientific Active Equity October 2016 I spent the last several years answering these questions What s the big deal about big data,

More information

The outlook for UK savers: Markets, Politics and Policy

The outlook for UK savers: Markets, Politics and Policy The outlook for UK savers: Markets, Politics and Policy Rupert Harrison, Portfolio Manager Multi-Asset Strategies Tuesday 21 st November, 2017 Not a bad year so far for a UK investor Asset performance

More information

Myths & misconceptions

Myths & misconceptions ALTERNATIVE INVESTMENTS Myths & misconceptions Many investors mistakenly think of alternative investments as being only for ultra-high-net-worth individuals and institutions. However, due to a number of

More information

A Clear Direction Financial Planning Level 19, 10 Eagle Street, Brisbane QLD 4000 (07) ABN:

A Clear Direction Financial Planning Level 19, 10 Eagle Street, Brisbane QLD 4000 (07) ABN: A Clear Direction Financial Planning Level 19, 10 Eagle Street, Brisbane QLD 4000 scottk@acleardirection.com.au (07) 3379 6068 ABN: 85 147 572 870 Investment Portfolio Basics Ensuring you understand how

More information

Target Allocation ETF Portfolio Strategies

Target Allocation ETF Portfolio Strategies Target Allocation ETF Portfolio Strategies Draw on the strategic insights and tactical expertise of BlackRock through the Target Allocation ETF Portfolio Strategies. These managed account solutions may

More information

Venture Capital 4% Strategy. Mega/Large Buyout 29% Highlights from the 2016 GP Dashboard include:

Venture Capital 4% Strategy. Mega/Large Buyout 29% Highlights from the 2016 GP Dashboard include: GP Dashboard We are pleased to present Hamilton Lane s GP Dashboard, which captures the opinions and expectations of general partners from around the world and offers insight into where the GP community

More information

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 1 December 2017 This statement provides you with key information

More information

BlackRock Global ETP Landscape

BlackRock Global ETP Landscape BlackRock Global ETP Landscape Monthly Snapshot December 2017 The opinions expressed are as of December 31, 2017 and may change as subsequent conditions vary. Summary Global ETPs Set a New Flows Record

More information

Sustainable Investing

Sustainable Investing Sustainable Investing Putting your money to work for purpose and performance Coen Brouwer, Director, BlackRock 23 May, 2017 FOR PROFESSIONAL CLIENTS / QUALIFIED INVESTORS ONLY Global growth in sustainable

More information

BlackRock Managed Index Portfolios

BlackRock Managed Index Portfolios BlackRock Managed Index Portfolios BlackRock Strategic Funds (BSF) What are BlackRock Managed Index Portfolios? BlackRock Managed Index Portfolios (BMIPs) are all-in-one, core portfolios that consist 100%

More information

The Future of Retirement The power of planning

The Future of Retirement The power of planning The Future of Retirement The power of planning UK Report Foreword Welcome to the sixth Future of Retirement report, researched exclusively for HSBC. A lifetime of working is likely to create a strong appreciation

More information

AirPlus International Travel Management Study 2017 Part 1 Forecast of business travel costs and bookings. Where will 2017 take us?

AirPlus International Travel Management Study 2017 Part 1 Forecast of business travel costs and bookings. Where will 2017 take us? AirPlus International Travel Management Study 2017 Part 1 Forecast of business travel costs and bookings SWITZERLAND Where will 2017 take us? To kick off the New Year, we bring you the latest forecasts

More information

BlackRock Global ETP Landscape

BlackRock Global ETP Landscape BlackRock Global ETP Landscape Industry Highlights May 2017 The opinions expressed are as of May 31, 2017 and may change as subsequent conditions vary. ONLY FOR ACCREDITED INVESTORS IN CANADA,QUALIFIED

More information

weathering uncertain markets learning from the past, positioning for the future

weathering uncertain markets learning from the past, positioning for the future weathering uncertain markets learning from the past, positioning for the future Managing an investment portfolio has always been challenging, and the most recent market cycle has tested investors commitment

More information

Singapore The Future of Retirement Report Generations and journeys

Singapore The Future of Retirement Report Generations and journeys The Future of Retirement Generations and journeys Singapore The Future of Retirement Report Generations and journeys Foreword Approaches to finances Finances in retirement Practical steps Key findings

More information

2017 WHY INVESTORS NEED TO KEEP FOCUSED ON LONG-TERM FINANCIAL GOALS

2017 WHY INVESTORS NEED TO KEEP FOCUSED ON LONG-TERM FINANCIAL GOALS JUNE 2017 ELECTION 2017 WHY INVESTORS NEED TO KEEP FOCUSED ON LONG-TERM FINANCIAL GOALS Prime Minister Theresa May s announcement that she would call for a snap UK general election on 8 June 2017 surprised

More information

UBS Investor Watch. Italian insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades

UBS Investor Watch. Italian insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades UBS Investor Watch Italian insights on investor sentiment / 2Q 2018 The century club The rising prospect of living ten decades The idea of living a century was once confined to science fiction. But no

More information

The Future of Retirement:

The Future of Retirement: The Future of Retirement: Bridging the Gap in retirement Almost a half (45 per cent) of working age women in the USA either don t know how much they are saving for their retirement or have not started

More information

The Benefits of a Diversified Precious-Metals Exposure

The Benefits of a Diversified Precious-Metals Exposure The Benefits of a Diversified Precious-Metals Exposure July 26, 2016 by Robert Huebscher ETF Securities provides accessible investment solutions, enabling investors to intelligently diversify their portfolios

More information

ETFs: Asian Institutions Broaden Applications

ETFs: Asian Institutions Broaden Applications Q1 Month 20172015 Cover Headline Here (Title Case) ETFs: Asian Institutions Broaden Applications Cover subhead here (sentence case) CONTENTS 3 Executive Summary 4 New Users, Bigger Allocations 6 The ETF

More information

INTRODUCTION 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6

INTRODUCTION 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 CONTENT INTRODUCTION 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 4. THE CALL-TO-ACTION: TAKE ACTION, AND DO IT NOW 8 INTRODUCTION AEGON GERMANY

More information

Module 5. Attitude to risk. In this module we take a look at risk management and its importance. TradeSense US, April 2010, Edition 3

Module 5. Attitude to risk. In this module we take a look at risk management and its importance. TradeSense US, April 2010, Edition 3 Attitude to risk Module 5 Attitude to risk In this module we take a look at risk management and its importance. TradeSense US, April 2010, Edition 3 Attitude to risk In the previous module we looked at

More information

For members. Your investment options. Aegon Master Trust Drawdown

For members. Your investment options. Aegon Master Trust Drawdown For members Your investment options Aegon Master Trust Drawdown [2] Investment options Aegon Master Trust Drawdown A choice of funds to help you meet your retirement goals This guide aims to help you make

More information

How to index invest in the new world

How to index invest in the new world How to index invest in the new world Pollyanna Rhodes BlackRock Selecting Best Beta Pollyanna Rhodes October 2012 FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE RELIED UPON BY INDIVIDUAL INVESTORS. 1 Agenda

More information

Global Investor Study 2017

Global Investor Study 2017 Global Investor Study 2017 Investor behaviour: from priorities to expectations Global Investor Study 2017 1 Contents 3 Overview 11 Millennials paint a conflicted picture 4 The global thirst for more investment

More information

MyFolio Funds customer guide

MyFolio Funds customer guide MyFolio Funds customer guide Contents 03 The big questions to get you started 04 Make the most of your financial adviser 04 Choosing the right investment 06 Why spreading the risk makes sense 07 How MyFolio

More information

Tactical Gold Allocation Within a Multi-Asset Portfolio

Tactical Gold Allocation Within a Multi-Asset Portfolio Tactical Gold Allocation Within a Multi-Asset Portfolio Charles Morris Head of Global Asset Management, HSBC Introduction Thank you, John, for that kind introduction. Ladies and gentlemen, my name is Charlie

More information

On your mark. UBS Investor Watch. a b. 100 days into the new administration, investors are poised to act

On your mark. UBS Investor Watch. a b. 100 days into the new administration, investors are poised to act UBS Investor Watch Analyzing investor sentiment and behavior / 2Q 2017 On your mark 100 days into the new administration, investors are poised to act a b As investors assess the administration s first

More information

INTRODUCTION AEGON GERMANY REPRESENTATIVE 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6

INTRODUCTION AEGON GERMANY REPRESENTATIVE 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 CONTENT INTRODUCTION AEGON GERMANY REPRESENTATIVE 1 1. RETIREMENT IN GERMANY 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 4. THE CALL-TO-ACTION: TAKE ACTION, AND DO IT

More information

Hong Kong investor sentiment slides, driven down by fixed income and property Manulife survey

Hong Kong investor sentiment slides, driven down by fixed income and property Manulife survey For Immediate Release TSX/NYSE/PSE: MFC SEHK:945 January 29, 2015 Hong Kong investor sentiment slides, driven down by fixed income and property Manulife survey Expectations of higher rates hit fixed income

More information

UBS Investor Watch. Global insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades

UBS Investor Watch. Global insights on investor sentiment / 2Q The century club. The rising prospect of living ten decades UBS Investor Watch Global insights on investor sentiment / 2Q 2018 The century club The rising prospect of living ten decades The idea of living a century was once confined to science fiction. But no longer.

More information

APW Partners: Insight Greece & China: Investment Portfolio Implications

APW Partners: Insight Greece & China: Investment Portfolio Implications APW Partners: Insight Greece & China: Investment Portfolio Implications Lessons learned from Greece The recent volatility in global financial markets sparked by the Greek debt negotiations is a reminder

More information

Long-Horizon ETF Portfolio Strategies

Long-Horizon ETF Portfolio Strategies Long-Horizon ETF Portfolio Strategies Draw on the strategic insights and tactical expertise of BlackRock through the Long-Horizon ETF Portfolio Strategies. These managed account solutions may be the long-term

More information

The Future of Retirement:

The Future of Retirement: The Future of Retirement: Bridging the Gap The cost of ageing Three in five (60 per cent) working age people in the USA expect a comfortable retirement but they are in for a shock as only two in five (40

More information

The UK economy in 2012 and beyond

The UK economy in 2012 and beyond www.pwc.co.uk The UK economy in 2012 and beyond Dr Andrew Sentance Senior Economic Adviser, NHF Leaders Forum London, 20 th February 2012 Key issues Why has growth been disappointing and uneven? What is

More information

INVESTING FOR YOUR FINANCIAL FUTURE

INVESTING FOR YOUR FINANCIAL FUTURE INVESTING FOR YOUR FINANCIAL FUTURE Saving now, while time is on your side, can help provide you with freedom to do what you want later in life. B B INVESTING FOR YOUR FINANCIAL FUTURE YOUR FINANCIAL FUTURE

More information

Smart Beta: Unlocking key drivers of return

Smart Beta: Unlocking key drivers of return Smart Beta: Unlocking key drivers of return Manuela Sperandeo, Head of EII Specialist Sales EMEA March 2017 For professional clients / qualified investors only Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16

More information

Navigator Personal and Company Pensions. This product is provided by Irish Life Assurance plc.

Navigator Personal and Company Pensions. This product is provided by Irish Life Assurance plc. Navigator Personal and Company Pensions This product is provided by Irish Life Assurance plc. Navigator personal and company pensions Aim Risk To build up a fund to help provide for your retirement. Low

More information

A GUIDE TO MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED

A GUIDE TO MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED FINANCIAL GUIDE A GUIDE TO INVESTING MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED Pocock Rutherford & Co, 111-113 High Street, Berkhamsted, Hertfordshire, HP4 2JF Tel: 01923 726999

More information

you know you need financial advice but who do you turn to?

you know you need financial advice but who do you turn to? you know you need financial advice but who do you turn to? As financial affairs become more and more complicated, so the need for professional advice grows. It is a fundamental principle that the earlier

More information

GREENWICH ASSOCIATES. European Insurance Companies Find Many Uses for ETFs

GREENWICH ASSOCIATES. European Insurance Companies Find Many Uses for ETFs GREENWICH ASSOCIATES European Insurance Companies Find Many Uses for ETFs CONTENTS Executive Summary 3 From Tactical to Strategic 3 Potential for Growth 4 An Efficient Tool for Equities 4 Fixed Income

More information

Investment Insights. How to survive the EU referendum?

Investment Insights. How to survive the EU referendum? Investment Insights How to survive the EU referendum? Quarter two - 2016 Policymakers have played an increasing role in the direction of investment markets over recent years and with a host of activity

More information

BlackRock Securities Lending Unlocking the potential of portfolios

BlackRock Securities Lending Unlocking the potential of portfolios BlackRock Securities Lending Unlocking the potential of portfolios Introduction Securities lending is a well-established practice whereby mutual s make loans of securities to seek an incremental increase

More information

Principles for successful long-term investing

Principles for successful long-term investing MARKET INSIGHTS Principles for successful long-term investing Using Market Insights to achieve better client outcomes 2Q 2016 MARKET INSIGHTS WAS FOUNDED IN 2004 IN THE WAKE OF THE FALLOUT FROM THE TECH

More information

A Beginner s Guide to Investing

A Beginner s Guide to Investing A Beginner s Guide to Investing www.lonsdaleservices.co.uk 1 Contents 4 What are investments? 4 What is a portfolio? 4 What choice of asset classes do you have? 5 What is a stock market and how does it

More information

CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE

CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE FOR IMMEDIATE RELEASE Citibank Singapore Ltd 4 January 2010 CITI FINANCIAL QUOTIENT SURVEY 2009: SINGAPORE RESIDENTS KEEN TO INVEST AGAIN AS ECONOMY AND MARKETS IMPROVE Survey findings point to a return

More information

What really matters to women investors

What really matters to women investors JANUARY 2014 What really matters to women investors Exploring advisor relationships with and the Silent Generation. INVESTED. TOGETHER. Certainly a great deal has been written about women and investing

More information

Canada Report. The Future of Retirement Healthy new beginnings

Canada Report. The Future of Retirement Healthy new beginnings The Future of Retirement Healthy new beginnings Canada Report Foreword The possibilities Key findings The doubts Overview The research Healthy living Practical steps Foreword Retirement can be an opportunity

More information

INVESTMENT FUNDS. Your guide to getting started. Registered charity number

INVESTMENT FUNDS. Your guide to getting started. Registered charity number INVESTMENT FUNDS Your guide to getting started Registered charity number 268369 CONTENTS Introduction 3 Balancing risk and reward 4 Get to grips with asset allocation 6 Make the management decision 8 Go

More information

Weathering Uncertain Markets

Weathering Uncertain Markets Weathering Uncertain Markets Key principles for lifetime investing Introduction Managing an investment portfolio for the long term is partly a test of willpower. Your emotions and instincts will be urging

More information

Senior management and investor relations

Senior management and investor relations RESEARCH REPORT Senior management and investor relations It is rare to find senior management members at a listed company who are indifferent to the perception of their company in the investment community.

More information

Quick-Star Quick t Guide -Star

Quick-Star Quick t Guide -Star Quick-Start Guide The Alpha Stock Alert Quick-Start Guide By Ted Bauman, Editor of Alpha Stock Alert WELCOME to Alpha Stock Alert! I m thrilled that you ve decided to join this exciting new system. As

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 4TH QUARTER 2017 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

A GUIDE TO INVESTING FINANCIAL GUIDE MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED

A GUIDE TO INVESTING FINANCIAL GUIDE MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED A GUIDE TO FINANCIAL GUIDE INVESTING MAKING THE RIGHT DECISIONS ABOUT HOW YOUR MONEY SHOULD BE INVESTED A GUIDE TO Investing Making the right decisions about how your money should be invested As wealth

More information

TARGET DATE RETIREMENT INCOME FUNDS. A Clearer View of Your Path to Retirement

TARGET DATE RETIREMENT INCOME FUNDS. A Clearer View of Your Path to Retirement TARGET DATE RETIREMENT INCOME FUNDS A Clearer View of Your Path to Retirement 2 Planning for your retirement can seem overwhelming. How should you save and invest today, and how much income will your savings

More information

THE CASE FOR BNKS AUGUST 2016

THE CASE FOR BNKS AUGUST 2016 AUGUST 2016 BetaShares Global Banks ETF - Currency Hedged (ASX: BNKS) Safe as houses? The case for diversifying banking sector exposure through the BetaShares Global Banks ETF Currency Hedged (ASX Code:

More information

Athena Wealth Management. March 2017 Investment Research Report

Athena Wealth Management. March 2017 Investment Research Report Athena Wealth Management March 2017 Investment Research Report Summary The Trump rally began to run out of fuel in March. But the MSCI emerging market index still recorded a growth of 2.35%, performed

More information

Prudential Dynamic Growth Funds Quarterly Update Quarter

Prudential Dynamic Growth Funds Quarterly Update Quarter Prudential Dynamic Growth Funds Quarterly Update Quarter 2 2018 This is for information only and is designed for Investment Professionals. This is the quarterly update for the Prudential Dynamic Growth

More information

The Allianz American Legacies Pulse Survey

The Allianz American Legacies Pulse Survey The Allianz American Legacies Pulse Survey Exploring the impact of the financial crisis on legacy strategies Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York ENT-1371-N

More information

Schroders Institutional Investor Study Institutional perspectives on sustainable investing

Schroders Institutional Investor Study Institutional perspectives on sustainable investing Schroders Institutional Investor Study Institutional perspectives on sustainable investing 2017 Contents 2 5 About this study 500 institutional investors across,, and were surveyed. Investment specifics

More information

STRATEGIC CONCEPTS: INVESTMENT & RISK

STRATEGIC CONCEPTS: INVESTMENT & RISK ASSET ALLOCATION & RISK PROFILING What is Asset Allocation?» The distribution of your portfolio between the following asset classes:» Return generation of any portfolio return, asset allocation is responsible

More information

BUYING AND SELLING PROPERTY OVERSEAS A GUIDE TO INTERNATIONAL PAYMENTS

BUYING AND SELLING PROPERTY OVERSEAS A GUIDE TO INTERNATIONAL PAYMENTS BUYING AND SELLING PROPERTY OVERSEAS A GUIDE TO INTERNATIONAL PAYMENTS CONTENTS 1 Managing the Cost of Currency 2 Top Tips for Regular Payments Overseas 3 Timing is everything 4 Caxton Premier A New Standard

More information

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund

PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund PRODUCT KEY FACTS BOCHK Asia Pacific Property Fund a sub-fund of BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 30 April 2015 This statement provides you with key information about

More information

Who is GAM? Source: GAM. As at 31 March 2016.

Who is GAM? Source: GAM. As at 31 March 2016. INVESTING WITH GAM 3 Who is GAM? Founded in 1983, GAM is an independent active manager that seeks to achieve strong investment returns over the long term. GAM invests in a wide variety of assets, including

More information

Investment Outlook. Investment Outlook Mid-year review and outlook. December June 2017

Investment Outlook. Investment Outlook Mid-year review and outlook. December June 2017 Investment Outlook Mid-year review and outlook June 2017 Investment Outlook 2018 December 2017 This commentary provides a high level overview of the recent economic environment and our outlook, and is

More information

Human Resources A GUIDE TO SHELL CANADA S DEFINED CONTRIBUTION INVESTMENT OPTIONS

Human Resources A GUIDE TO SHELL CANADA S DEFINED CONTRIBUTION INVESTMENT OPTIONS Human Resources A GUIDE TO SHELL CANADA S DEFINED CONTRIBUTION INVESTMENT OPTIONS May Introduction This guide gives you information on the funds offered to members of the Shell Canada Pension Plan (the

More information

INTRODUCTION 1 1. RETIREMENT IN FRANCE 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6

INTRODUCTION 1 1. RETIREMENT IN FRANCE 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 CONTENT INTRODUCTION 1 1. RETIREMENT IN FRANCE 2 2. THE CHANGING NATURE OF RETIREMENT 2 3. THE STATE OF RETIREMENT READINESS 6 4. THE CALL-TO-ACTION: TAKE ACTION, AND DO IT NOW 8 INTRODUCTION KEY FINDINGS

More information

2017 Global Trends in Investor Relations

2017 Global Trends in Investor Relations 0 2017 Global Trends in Investor Relations Primacy of Geopolitical Risk Geopolitical risk is still the number one concern for companies globally. Concern is increasing regarding the impact of emerging

More information

An Introduction to Direct Investing

An Introduction to Direct Investing An Introduction to Direct Investing An Introduction to Direct Investing Like many things in life, spending a little time to educate yourself makes it possible to undertake new activities like taking control

More information

HOW TO SERVICE CHINESE WEALTH AS IT GOES GLOBAL

HOW TO SERVICE CHINESE WEALTH AS IT GOES GLOBAL JUNE 2017 HOW TO SERVICE CHINESE WEALTH AS IT GOES GLOBAL The last few years have seen explosive growth in understanding among Chinese HNW and UHNW individuals of wealth structuring and transition. Yet

More information

A GUIDE TO INVESTING

A GUIDE TO INVESTING A GUIDE TO INVESTING 2 A Guide to Investing Saving or investing? Saving is generally considered to be the habit of putting away small amounts of money on a regular basis, usually for a specific purpose.

More information

INVESTMENT FUNDS. Your guide to getting started. Registered charity number

INVESTMENT FUNDS. Your guide to getting started. Registered charity number INVESTMENT FUNDS Your guide to getting started Registered charity number 268369 CONTENTS Introduction 3 Balancing risk and reward 4 Get to grips with asset allocation 6 Make the management decision 8 Go

More information

BlackRock Securities Lending Unlocking the potential of portfolios

BlackRock Securities Lending Unlocking the potential of portfolios BlackRock Securities Lending Unlocking the potential of portfolios Introduction Securities lending is a well-established practice whereby U.S. registered funds, such as mutual funds, make loans of securities

More information

MERCANTILE CIRCLE OPPORTUNITIES PORTFOLIOS STRATEGY UPDATE Q mercantile circle

MERCANTILE CIRCLE OPPORTUNITIES PORTFOLIOS STRATEGY UPDATE Q mercantile circle MERCANTILE CIRCLE OPPORTUNITIES PORTFOLIOS STRATEGY UPDATE Q4 2017 www.mercantilecircle.com mercantile circle 2 www.mercantilecircle.com 3 ABOUT US I N T E L L I G E N T I N V E S T I N G T H E E A S Y

More information

Global Investor Sentiment Survey

Global Investor Sentiment Survey 2014 Global Investor Sentiment Survey K E Y I N S I G H T S - G L O B A L Our results indicate that by many measures investors are optimistic about the year ahead. Following 2013, a year that saw the global

More information

Investment Outlook. Investment Outlook Mid-year review and outlook. December June 2017

Investment Outlook. Investment Outlook Mid-year review and outlook. December June 2017 Investment Outlook Mid-year review and outlook June 2017 Investment Outlook 2018 December 2017 This commentary provides a high level overview of the recent economic environment and our outlook, and is

More information

Manulife Asset Management launches Asia Pacific Income and Growth Segregated Portfolio

Manulife Asset Management launches Asia Pacific Income and Growth Segregated Portfolio For Immediate Release May 7, 2014 Important Information: Manulife Advanced Fund SPC - Asia Pacific Income and Growth Segregated Portfolio (the "Fund") invests in equity securities and fixed income securities,

More information

CHANGES ON THE INSTITUTIONAL INVESTMENT HORIZON: Is short-term thinking on the rise? Sponsored by:

CHANGES ON THE INSTITUTIONAL INVESTMENT HORIZON: Is short-term thinking on the rise? Sponsored by: CHANGES ON THE INSTITUTIONAL INVESTMENT HORIZON: Sponsored by: Global executive summary Since the financial crisis, institutional investors have been challenged by a low-yield environment, regulatory change,

More information

2016 AUSTRALIAN INVESTMENT MANAGERS CROSS-BORDER FLOWS REPORT

2016 AUSTRALIAN INVESTMENT MANAGERS CROSS-BORDER FLOWS REPORT 2016 AUSTRALIAN INVESTMENT MANAGERS CROSS-BORDER FLOWS REPORT Financial Services Council and Perpetual CONTENTS INTRODUCTION 2 EXECUTIVE SUMMARY 3 METHODOLOGY 4 KEY FINDINGS 5 RESULTS 6 CONCLUSIONS 13

More information

Changing Places The growing opportunities for financial centres in Europe

Changing Places The growing opportunities for financial centres in Europe Changing Places Introduction The last decade and the one that lies ahead may well be remembered for seeing one of the most significant transformations in Europe s financial services industry. The global

More information

Impact of higher interest rates on UK commercial property

Impact of higher interest rates on UK commercial property For Investment Professionals only July 2018 Impact of higher interest rates on UK commercial property Gradual transition towards a comparatively lower new normal for interest rates Relationship between

More information

Q4 Equity Manager Report: Playing Defense

Q4 Equity Manager Report: Playing Defense Q4 Equity Manager Report: Playing Defense January 24, 2019 by Patrick Egan of Russell Investments Defense wins championships, the saying goes. Did it also help equity managers survive an otherwise bruising

More information

Beyond active vs passive

Beyond active vs passive Beyond active vs passive Barbara Vintcent For professional clients / qualified investors only Why The Art of Indexing? Institutional US domiciled funds: AUM split by ETPs, index and active funds 100% Institutional

More information