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, top money managers said at a forum.
Meanwhile, the Global Financial Leaders’ Investment Summit will be back for a fourth year next November, Eddie Yue Wai-man, the CEO of Hong Kong Monetary Authority, said on Wednesday. “We’re going to do it again next year,” he said in his closing remarks to the summit. “The welcome dinner will be on the 3rd of November and the summit on the 4th of November, so everybody mark your dates … I’ll see you next year.”
Diversified asset allocation strategies offer the best opportunities, money managers said at the forum organised by the HKMA.
“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.
More than 300 financial heavyweights, including executives from State Street Global Advisors, Invesco and Bridgewater, gathered in Hong Kong for the three-day summit to discuss industry changes and share insights.
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