By South China Morning Post | Created at 2024-11-20 04:56:22 | Updated at 2024-11-20 07:22:54
2 hours ago
Investors should get cash in motion and position themselves for the long term as the world experiences structural changes from falling interest rates, emerging technologies and changing demographics, according to top money managers.
Diversified asset allocation strategies offer the best opportunities, they said on Wednesday at the Global Financial Leaders’ Investment Summit, organised by the Hong Kong Monetary Authority.
More than 300 financial heavyweights, including executives from State Street Global Advisors, Invesco and Bridgewater, have gathered in Hong Kong for the three-day summit to discuss industry changes and share insights.
“We have seen money in motion,” said Andrew Schlossberg, president and CEO of Invesco. Cash began to move this year as the interest-rate picture started to change, some stability returned to markets and people were willing to take on more risk assets, he said.
Many of the stimulus, policy and retirement market changes around the world have created a generational shift in the way people are investing, Schlossberg said. The changes are the “incentives to be in the capital markets” while investment visibility and opportunities have improved, he added.
Investment managers have adjusted their portfolios in response to changing policies and stimulus programmes after Donald Trump won the US presidential election and China rolled out a series of measures in late September to support stocks, the property sector and the broader economy.
