A recent survey conducted by Malta-based financial services group, ML Capital, has found, perhaps unsurprisingly, that Global Macro is the most popular newcit
A recent survey conducted by Malta-based financial services group, ML Capital, has found, perhaps unsurprisingly, that Global Macro is the most popular newcits strategy amongst investors. The firm surveyed 39 investors managing a combined total of EUR40billion, of which approximately EUR10billion is invested in alternative UCITS strategies. Results show that 54 per cent plan on increasing their allocations to global macro funds, with 87 per cent planning to either maintain or increase their exposure. The next most popular strategy is US equity l/s strategies with 49 per cent of respondents planning to increase their exposure. Event-driven funds are expected to attract strong inflows as well, particularly merger-arb strategies. Over 40 per cent of investors plan to increase their allocations in emerging market strategies, particularly those with a global mandate, although ML Capital warned that a supply bottleneck could restrict growth. Commenting on the growth of the newcits universe, ML Capital’s co-founder and chairman John Lowry (pictured) said: “The sector is maturing rapidly and we are aware of a number of strategic developments being planned which will move the industry to centre stage over the coming months. Sitting on the side-lines does not appear to be an option any longer for most players.”
