Fri, Oct 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hard assets and international equities will save portfolios in year ahead, according to Legg Mason subsidiary Royce & Associates

Monday, March 19, 2012

Beverly Chandler, Opalesque London:

The director of international research at Royce & Associates, a subsidiary of global asset management firm, Legg Mason, with assets under management of $627 billion, has predicted that equities will come 'storming back’ through 2012.

David Nadel, Manager of the Legg Mason Royce Global Smaller Companies Fund and Director of International Research at Legg Mason subsidiary Royce & Associates, which has $31bn of assets under management, believes international equities, particularly emerging markets, are set for an impressive recovery in 2012.

International Equities

"Broadly speaking, I’ve entered 2012 more bullish on international equities, at least those of the high quality companies in which Royce looks to invest. I’m particularly bullish about emerging markets: they have generated three-quarters of real GDP growth over the last decade and are positioned to lead" he said. "In 2011, we saw massive underperformance by the international markets versus the U.S. On the back of this cataclysmic underperformance, I think 2012 will be the year international equities storm back, while U.S. equities could take a breather from their perch as the 'safe haven.’"

Nadel believes that American ingenuity offers one source of optimism. "No country on the planet is as stubbornly optimistic, and has such a strong ability to reinvent itself to survive a crisis. I think the better U.S. smaller companies will continue to be the models for......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t