Global Institutional Investors Brace for Market Risks and Pursue an Active Approach in 2018 – BlackRock Study - Seite 2

Within credit more broadly, emerging markets also find favour, with almost two fifths (37%) looking to increase allocations here. Overall a decrease is expected in core and core plus allocations (28%), a consistent trend in the survey’s year-over-year results.

Edwin Conway adds: “In the current environment of record-high asset performance, we believe that active portfolio decisions need to be taken by institutional investors this year. For several years, we have been talking to clients about the need to embrace alternative strategies as a way to add diverse sources of return, and offset the current rate environment. It’s gratifying to see them continuing to embrace these assets as they slowly become the norm for institutional investors seeking differentiated sources of return, inflation hedging and counter-cyclical investments.”

About the survey

BlackRock conducted a global survey of 224 of its largest institutional clients representing over $7 trillion in assets over a three week period in October and early November 2017.

Rebalancing survey data

In 2018, how do you anticipate changing your allocations to the following?
				% increase		% unchanged		% decrease		% net2 (figure net of increases versus decreases)
Equities				22%		43%		35%		-14%
Fixed Income				29%		42%		30%		-1%
Hedge Funds				20%		65%		15%		5%
Private Equity				43%		47%		10%		33%
Real Estate				42%		49%		9%		32%
Real Assets				60%		38%		2%		58%
Cash				13%		65%		22%		-9%

Type of client				% of respondents
Corporate Pension				33%
Insurance Company				31%
Public/Government Pension				18%
Investment Manager				6%
Endowment or Foundation				4%
Taft-Hartley/Unions/Other3