Expert Investor - Fund Selector Asset Class Report October 2017 FSACR_Oct17_BOOK.v2 | Page 16

EI fund manager predictions database
Bullish
Neutral
Bearish
This shows the 12-month forward-
looking investment estimates for a
variety of asset classes from a group of
international fund management houses.
See the description on the far right for
more detail.
– The most positive asset manager equity
views are for Europe ex UK and Japanese
equities while the worst are reserved for UK
and US equities. Fund selectors are broadly
in agreement with these views; only slightly
less bullish on Japan.
– Property is bang on neutral and
international govvies still in the red zone
despite a pick up in sentiment.
- Asia equities have shown a very consistent
upgrade pattern since the start of the year,
just now hitting green.
Europe ex UK equities
UK equities
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
Dec ’16
Apr ’17 Aug ’17
Japanese equities
100
75
50
25
0
-25
-50
16 | EI Fund selector asset class report
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17
US smaller companies equities
US equities
-75 Aug ’16
Fund manager predictions data gathered by
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17