Principal Global Investors (PGI), one of the top 50 global asset management companies with USD 540 Bn in AUM, has published the Global Asset Allocation View report for the third quarter. According to PGI, the economy is in a “goldilocks” scenario of stable growth and moderate demand without inflationary risks, although these cannot be ruled out given the disparity in the pace of growth across countries and therefore in supply. A scenario to overweight risk assets, especially US and developed countries equity; underweight Fixed Income, seeking only assets with higher volatility, such as High Yield and emerging debt; and neutrality in alternative assets, through investment in real assets and assets that improve the portfolio’s profitability.
Global Asset Allocation Viewpoints 3Q Principal Global InvestorsGlobal real estate outperformed equities in the second quarter of 2021, according to Principal Global Investors
The FTSE FTSE EPRA/NAREIT GTR global index, which represents listed real estate companies, rose 9.4% versus 7.9% for the MSCI World in the second...