Bigger isn’t always better when it comes to member services. Megafunds might be able to mass customise, but when you’ve got two million members it’s tough to bring the personal touch.
The famous and closely watched US endowment model took a hit in FY23, with smaller, equity-heavy investors taking the lead. But the longer-term superiority of a chunkier exposure to alternatives remains unchallenged.
Amundi presents mid-year investment outlook, opportunities lie beyond precarious path to growth
“A central bank pause supports the case for bonds. Investors will have to assess the inflation path and the earnings outlook moving into 2024, in the search for opportunities in equities.” – Monica Defend, Head of Amundi Institute
” Emerging markets are key to enhancing diversification and fostering medium-term return potential, with Asia in focus.” – Matteo Germano, Deputy Group Chief Investment Officer
“Amid low visibility on the economic outlook, quality – both for equity and bonds – is the compass with which to navigate this uncertain phase.” – Vincent Mortier, Group Chief Investment Officer
