Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds continue appetite for equities, cautious on U.S. credit

Tuesday, July 15, 2014

Komfie Manalo, Opalesque Asia:

A survey by Lyxor Asset Management showed that the majority of hedge fund managers expect the equities markets in the U.S. and Europe to sustain its rally on the back of accommodative monetary conditions recently reiterated by Janet Yellen, chairman of the Federal Reserve.

However, on the negative side, the managers express caution regarding U.S. credit and China, Lyxor said in its latest Alternative Insight.

The bullish stance on equities, both in Europe and in the U.S., was largely shared by the respondents to the survey. A majority 88% of the managers surveyed expect the S&P 500 to deliver returns above 5% for the full year 2014.

This implies that the second half should at least be flat, thereby preserving the gains posted in the first half (the S&P was up 6% YTD as of 30 June). At the same time, 71% of the respondents do not consider the U.S. equity market to be overvalued.

In Europe, 88% of the respondents expect the Eurostoxx 50 to deliver returns above 5% for the full year 2014 (+3.8% YTD as of 30 June). This implies a rather positive stance for the second half of 2014. Along the same lines, 71% of the respondents believe that the European equity market remains undervalued.

The survey also found that a majority expe......................

To view our full article Click here

Banner

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. Opalesque Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Swiss insurance investment manager opens office in insurance traders' Mecca; London[more]

    Benedicte Gravrand, Opalesque Geneva: Twelve Capital, a swiss manager focused on insurance related investments, was authorised by the UK's Financial Conduct Authority (FCA) as a MiFID investment firm on October 1st and opened its new London office. "In an effort to enhance its investment