Santander Corporate & Investment | The global scenario has not been especially positive for the flow of funds in assets which traditionally imply greater risk, like equities and raw materials. The investment in fixed income has received the majority of new investment in the last six years. Nevertheless, the global high yield category (the kind of asset most like equities) has differed from this trend in the last three years, with hardly any new investment, reflecting the situation with equities.
European equity markets
Ana Fuentes | Funds´ volume of cash has reduced considerably in February and Europe is the region that has most benefited from asset allocation. A report by BofA Securities indicates that just in February $11.8bn has entered European equity markets. “All the ideas are put in the price”, explains Oscar Anaya, head of institutional sales at Tradition Securities and Futures Spain, “In one sense it is normal, but we are rather left in no man´s territory”.
LONDON | This year may prove an inflection point, with growth in equity markets in Europe and European smaller companies on attractive valuations leading the way. Fund Manager of TR European Growth Trust PLC Ollie Beckett believes expectations for positive returns from EU equity markets in 2012 have solid ground, notwithstanding the depressive tunnel the euro zone’s economy is currently passing through. But then again, Ollie Beckett is an associate director…