The Final Countdown THE FINAL COUNTDOWN 22%


…of private equity and venture capital firms expect fundraising to increase this year, down from 72% in 2022. Supply- chain constraints, inflation and the war in Ukraine have been blamed for such a fall in confidence. Source: Acuity Knowledge Partners


£67bn


The aggregate surplus among FTSE100 defined benefit pension schemes at the end of 2022, up from £59bn a year earlier. The average funding level increased to 120% from 110% during the period. Source: Lane Clark & Peacock


0.4%


The expected growth of the British economy this year, upgraded from -0.4%, before climbing to 1.8% in 2024. Source: CBI


€7.7bn


The estimated net inflows for European ETFs during May. Source: Refinitiv Lipper


50%


...of asset managers expect their insur- ance clients’ exposure to digital assets will be between 2% and 5% during the next three years, while 43% expect it to be between 5% and 10%.. Source: Nomura


52%


The level of intermediaries expecting to increase their allocation to fixed income this year. Source: Capital Group


3.8%


The estimated real GDP growth in emerging markets in 2024, compared to 0.5% in developed markets. Source: Amundi Asset Management


36%


…of alternative fund managers expect inflows from pension schemes to increase “dramatically” in the next 18 months. Source: Ocorian


10.4 $ Quote of the Month “Effective stewardship should be demonstrated


irrespective of how your capital is invested.” Claudia Chapman, Financial Reporting Council


50 | portfolio institutional | July-August 2023 | Issue 125


The estimated invest- ment in emerging market securities during May, slightly up from the $9.8bn estimate for April.


Source: Institute of International Finance


bn


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