Investment predictions can be treacherous less so when you ask about 500 portfolio managers, most of whom represent desks with more than $5 billion to play with.
A good test of this theory came as global fund managers gathered at Credit Suisse’s annual Asian investment conference in Hong Kong.
The audience expressed enthusiasm for European equities, with 43% of the room voting the region as the most likely to outperform over the course of 2014.
Sector-wise a clear plurality favoured technology stocks.
Secondary picks include China A-shares, India and Indonesia. But there is clearly a divergence of views, because, when asked which market they were most underweight, some of the same...