Sat, Dec 10, 2016
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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest