eVestment has just released its European Investor Report highlighting trends in and insights on the traditional investment arena in 2013. Some key findings, according to eVestment Vice President of Research Peter Laurelli, include:
- Over 60% of all of Europe-domiciled institutional allocations went into fixed income strategies in 2013 and the majority of those assets went into relatively higher yielding segments of fixed income markets.
- The vast majority of Europe-domicile flows in 2013 went into the BBB to BB segments of credit quality with roughly equal exposure on either side (A & CCC), showing specific evidence of the desire for yield.
- Europe-domiciled investors have rewarded strategies that moved more nimbly away from safe havens post financial crisis.
- Barring a major escalation of Eastern Europe’s tensions, eVestment’s recent institutional investor survey (also attached), along with data from this report indicate European investors’ increased risk appetite exhibited in 2013 should continue well beyond the near-term.
The full report is attached here.