Fund selectors face one of the most challenging market environments in decades as equity markets shoot the lights out despite an increasingly uncertain outlook dominated by the direction of interest rates.
This year, risk-on assets have surprised the majority of asset allocators with many overweighting more defensive asset classes such as fixed income ETFs, which saw record inflows in H1, and income-orientated equities.
As the Federal Reserve heads towards the end of its interest-rate hiking cycle, fund selectors are opting to stay patient amid a lack of opportunities.
As a result, this roundtable, in partnership with Xtrackers by DWS, assessed the outlook for markets, overconcentration risks, why it may be time to add duration to fixed income portfolios and the role of thematic ETFs within portfolios.
Speakers:
Gilles Boitel, head of Xtrackers Switzerland, DWS
Noah Ederer, Xtrackers sales specialist, DWS
Pascal Froidevaux, senior portfolio manager, Union Bancaire Privée
Timon Burkhart, investment advisor, Raiffeisen
Florian Fleury, investment advisor, Syz Group
Richard Schlup, senior fund analyst, VP Bank
Felix Schleimer, director, investment advisor, Banque Internationale A Luxembourg Suisse
Chair: Tom Eckett, editor, ETF Stream
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.
