The fund investors sovereigns renew their interest in emerging countries as a result of the rise in interest rates and 71% of them believe that emerging markets such as India, Mexico either Brazil they will equal or exceed the developed ones, according to a study by the manager Invesco released this Thursday.
The investors They have increased their interest in these markets due to the rise in rates, since they perceive in these countries an increase in resistance, institutional strength and stability in the face of the normalization of higher interest rates.
India is considered by 76% of the fund investors sovereigns the leading market for emerging market debt, ahead of South Korea (56%); Mexico (51%); Brazil (49%), Indonesia (44%) and South Africa (41%).
In addition, 29% of those surveyed intend to increase their investment in the emerging markets of Asia-Pacific, which makes it the most popular region together with North America and places it ahead of Latin America (22%), other more developed markets in Asia-Pacific itself (15%), Europe (14%) and the Middle East (8%).
The study has also revealed that investors in SWFs have changed the way they perceive fixed income and have gone from using this asset as a diversification tool, in order to protect themselves, to using it actively and tactically in order to create value through active rebalancing.
precisely, the fund investors sovereigns point out that the fixed rent is he asset where they see more options to increase their strategic allocation next year, with a intention 28%, ahead of the infrastructures (25%), the venture capital (21%), the listed equities (15%) and the real estate (9%), according to data compiled by Invesco.
If the most attractive assets for the sovereign wealth fund investorsthey consider infrastructures to be the most attractive asset for the next five years, ahead of fixed income, private equity and listed equity.
The study has been prepared with the opinions of 142 investment managers, asset class heads and senior portfolio managers from 85 sovereign wealth funds and 57 central bankswho together manage $21 trillion in assets.
MORE NEWS:
EFE International news agency based in Madrid and present in more than 110 countries.