According to the firm’s latest Risk Rotation Index, a survey of risk attitudes based on interviews with 120 global institutional fund managers, the firm said 49% of respondents cited the eurozone crisis as a “significant” threat to portfolios, while 13% said it was a “very significant” threat.
However, just over 28% said they had increased their appetite for risk over the prior six month period. The research also seems to indicate an increasing level of stability within funds, the firm said, with 53% of investors keeping portfolios static – the highest proportion since the index was launched in 2013.
“In order to mitigate potential risk over the coming months, investors appear to be most in favour of using multi-asset (74%) and equity strategies (56%),” the firm said
Valentijn van Nieuwenhuijzen, head of strategy, multi-asset at NN Investment Partners, said investors appear to be approaching the current situation with both caution and confidence.
“Greece may have jolted markets but the Eurozone survived. The Chinese crisis – we think we can call it a crisis by now – is creating serious problems for the commodity exporters and the countries that sell the most capital goods to China. Despite market jitters investors still have confidence in the market and retain some optimism with the recent pick-up in growth in the US and Japan.”
