At the 66th CFA Institute Annual Conference in Singapore yesterday, former banker and author Satyajit Das opened his session with a series of questions about the future environment for asset managers. Using live-response audience polling technology, nearly 120 attendees responded. The takeaways? More than half of investment professionals in attendance anticipate developed market annualized equity returns of 5–10% over the next 10 years. The distribution of expected returns for emerging markets was rosier, with 42% of the delegates forecasting 5–10% — and 32% selecting 10–15%.
Meanwhile, the poll results suggest that government policy, most notably quantitative easing by central banks, continues to weigh heavily on investment professionals’ risk/reward calculus.
The results of attendee polling from the session, titled “Will You Avoid the ‘Death of Asset Management’? Surviving and Thriving in a Low-Return World,” follow below.
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