Expert Investor - Fund Selector Asset Class Report October 2017 FSACR_Oct17_BOOK.v2 | Page 17

EI fund manager predictions database
Bullish
Neutral
Bearish
Emerging market equities
International government bonds
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17
-75 Aug ’16
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
Dec ’16
Apr ’17 Aug ’17
Dec ’16 Apr ’17 Aug ’17
Property
Asia ex Japan equities
-75 Aug ’16
Dec ’16
Apr ’17 Aug ’17
-75 Aug ’16
This is how the fund manager
predictions database numbers
are calculated:
The data for these graphs are collected
on a monthly basis from around 20 global
fund groups. The data is gathered by
Old Mutual Wealth and processed and
analysed by our in-house research team.
Every respondent gives the house view on
a series of indices, answering the question:
do you think that in 12 months’ time this
index will have performed positively,
negatively or are you largely neutral.
We have taken that data and turned it
into a sentiment number: -100 means
every respondent is bearish; +100 means
everyone is bullish; 0 means the bulls and
the bears are evenly matched.
Anything from 25 or more we have
designated bullish (green) on the graphs;
anything from -25 or below bearish (red).
Sponsored by T. Rowe Price | 17