Wed, Oct 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Capital markets likely to stabilize during the second half of 2012

Thursday, August 09, 2012

Bailey McCann, Opalesque New York: Capital markets may start to stabilize according to research from Credit Suisse’s Asset Management division. The group released its Q3 2012 Alternatives Quarterly and discusses the outlook for alternatives in the second half. "Sluggish global growth and Eurozone concerns will continue to weigh on investor sentiment, but these worries have, to a visible extent, already been priced into the markets. Additionally, we see the outcomes of the June European Union (EU) summit and Mario Draghi’s recent statements as positive steps that confirm the willingness for necessary policy action in the region, " says Stefan Keitel, Global Chief Investment Officer for Asset Management and Private Banking.

Ahead of the stabilization, Keitel notes that the group has increased its allocation to equities after the expected market correction in March to May, as part of a real-asset strategy. They increasingly prefer the more countercyclical and lagging markets, specifically in the Eurozone over the defensive US and Swiss markets. They are also overweight in emerging market (including China, Korea and Russia) and UK equities.

He explains that in bonds, the group prefers high-yield and corporate bonds over high-grade government bonds, given a persistent cycle of negative yields and limited upside potential. Currencies are also likely to remain range bound, according to the report. "Turning to commodities, we maintain our strategic overweight position on gol......................

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is