Tue, Jun 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AXA prefers European to U.S. equities and fixed income

Friday, January 31, 2014

amb
Benedicte Gravrand, Opalesque Geneva:

Some fund managers prefer European equities over their U.S. counterparts in 2014, as well as opportunistic emerging market bond investments.

This is the case for Christina Boeck and Chris Iggo, both CIOs at AXA Investment Managers, who share with Sona Blessing on Opalesque Radio their global market outlook for 2014 and some of their asset allocation picks.

AXA’s base case for 2014 is positive although no boom is expected. According to Christina Boeck, the global economic healing that started around 18 months ago, with a little governmental help, will continue throughout the year. Although, there are still some very strong structural imbalances in the financial world, she adds. To come out this, "we must struggle through for some time and give governments debts a chance to come down through growth, which still must be helped by monetary authorities."

AXA’ asset allocation forecast is based on that view, she says, and favors risky assets. "Equities should have a good performance but it is absolutely impossible to forecast when exactly we will get the corrections. Because there will be corrections on the way," she points out.

Allocations will be overweight global equities, although the managers will be more prudent with U.S. equities, as they believe their valuation is much higher than the......................

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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.