Confidence in global economy on the rise

Global_payConfidence in the global economy is increasing according to a survey of financial advisers around the world. They are, on average, 10% more confident about the global economy than they were in Q4 2011, according to Skandia International. Previous confidence levels averaged 5 to 5.5 out of 10. Skandia’s survey also indicated advisers were slightly more upbeat about their local economies with confidence levels increasing from 5.3 to 5.6 over the last quarter. The exception is in Europe, where advisers are still downbeat about the region, though more optimistic about the global outlook. Financial advisers in Asia remain the most confident in their local economies with an average score of 6.6, with respondents from both Hong Kong and Singapore having the most positive outlook, reporting a confidence level of 6.7 out of 10. Less than 1% of advisers believe that European equities (ex UK) will offer favourable returns despite the strong run seen by the asset class during the first three months of this year, returning 9.75% over that period. Skandia’s offshore adviser confidence barometer covers Q1 2012 and attracted responses from 445 advisers. ©2012 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.