30.09.2011 - JP Morgan: With dip in equities, SWFs review traditional asset allocation
Sovereign wealth funds may soon be shifting out of equities toward alternative investments such as infrastructure and property. “Ten-year returns on government bonds have been generally superior to those of public equities. However, these returns have been driven by large falls in bond yields," Patrick Thomson, Global Head of Sovereign Wealth at J.P. Morgan Asset Management, said in a statement. "This fall in prospective government bond returns, combined with continued sovereign credit crisis and the ongoing volatility in equity markets, has encouraged many sovereigns to take a fresh look at the way they invest.”.............................................Full Article: Source
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