A vast majority, 86%, of the 800 institutional investors and corporate executives surveyed for
“The survey shows that while a strong consensus among global investors has emerged on opportunities for growth, uncertainty caused by political, social and economic factors has led to inactivity and maintaining the status quo across a meaningful percentage of the investor base,” said James Palermo, vice president and CEO of global client management at BNY Mellon.
Investors believe emerging markets offer the best prospects for growth, particularly Brazil, India and China. However, two-thirds think that some emerging markets nations could be overheating, and nearly half think investors are pinning too much hope on emerging markets.
The next best-performing sector investors pointed to was commodities, with oil, gas, agriculture, agribusiness, mining and metals seen as the sectors offering the best potential. That said, like the view on emerging markets, investors said commodities will be the asset class where levels of risk are most likely to increase over the next 12 months.
Investors also expect the global economy recovery to continue, but just over half think the recovery will slow over the next 12 months. BNY Mellon said this is likely due to the political unrest in the Middle East and the earthquake in Japan.
A majority said the default of a Eurozone country is looking increasingly likely, but they do not expect this to result in the break-up of the European Union.
-
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
11h ago -
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
April 18 -
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
April 18 -
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
April 17 -
A therapist in New York still has $50,000 in student loans. Can President Biden's new policy bring her relief?
April 17 -
The wealth program at Kinecta Federal Credit Union is changing brokerage, RIA and custodian as the industry fights for recruits of all sizes in the channel.
April 17