. Most (63%) expect inflation to rise next year and a similar proportion (61%) think the recovery will be W-shaped,” Joanne Harris Reports From Hedge Fund Review.
“Over half of respondents (55%) said they needed to be overweight on defensives instead of cyclical stocks. The survey found fixed income was a popular asset class choice, and corporate bonds were a key area with $3.3 billion of inflows over the past year. Almost all the respondents (90%) believed corporate bonds were pricing in a recession followed by a recovery rather than a depression,” Harris Reports.
“After finding out the thoughts of investors, we can see it clearly reflects their selection of ETFs and trends in asset flows,” said Nizam Hamid, head of sales strategy for iShares in Europe.
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