Ride the bubble

Investment consultancy William M. Mercer recently invited a number of Hong Kong corporate pension fund managers to hear its view of the world, and the advice was a no-holds barred call to diversify more into global equities. Tim Gardener, London-based global practice leader, said rising demand globally for equities would inflate their values, making them a good bet for the next decade. “I know it’s a bubble, but it’s a long-enough bubble to play,” he comments.