Expert Investor - Fund Selector Asset Class Report October 2017 FSACR_Oct17_BOOK.v2 | Page 3

CONTENTS HIGHLIGHTS User guide and methodology 4 Macroeconomic sentiment, pan-European net sentiments 5 Buying/selling intentions: equities 6 Buying/selling intentions: bonds 7 Buying/selling intentions: absolute return and hedge strategies 8 Buying/selling intentions: commodities, in- dex-tracking products, property, multi-asset 9 EI research: actives vs passives survey snapshot 10 EI research: US vs European fund fl ows 11 In depth: European equities 12 In depth: European equities style preferences 13 European Fund Flows Data 14 EI fund manager predictions database 16 After the strong changes in direction we tracked in the last issue of the Fund Selector Asset Class Report in May, it would be fair to say that we are now seeing a little more consistency. Turn to pages 6-9 to see the changing attitudes of fund selectors towards the main asset classes. Then we’ve got two pieces of research for you this issue, both involving the war between active vs passive funds. On page 10 you can see the results of a survey we did asking fund selectors fi rstly how they use passive funds and secondly what measurements they look at when choosing between an active or passive solution. Then on page 11 you can see who has been winning the war in both the US and Europe. Our in-depth strategy this issue is European equities - turn to page 12-13 to see how the countries vary in their appetite for the asset class. Then on pages 14-15 you can see where money has been fl owing over the past year and on pages 16-17 we have our global fund manager survey. Enjoy the issue! Dylan Emery Group editorial director [phone] [email protected]