Source: Bloomberg
According to the current situation, this year will be a year of difficulty in control.Regarding the controversy of central banks, the prospects of economic slowdown, and major global elections, these pressures are all coming to fund managers.
In this context, Bloomberg News asked the executives of large investment companies in the 2024 investment plan.These companies have a total management of nearly $ 2 trillion (about S $ 2680 billion) assets.
From outsourcing pharmaceutical service providers to long -term U.S. Treasury bonds, and then to private equity trading, the chief investors of Singapore, Switzerland and other companies are looking for long -term growth opportunities.Essence
GIC: The scale of asset management is about 770 billion US dollars
Jeffrey Jaensubhakij, chief investment officer of the Singapore Government Investment Corporation (GIC), said that this year will be a year of intensified risks. "High interest rates for a long time" will affect the financial situation of the company. Geopolital issues and even artificial intelligence will force enterprises to make a price at a priceHigh adjustment.Under these risks, there are more opportunities for corporate reliable financing to increase.
"The rise in interest rates and the tight credit supply has made the new deployment of private equity credit become a focus area," he said."In terms of real estate, the fundamentals of logistics, student accommodation and hotel industry are still stable."
As the risk of climate change continues to rise, GIC is also looking for investment that helps energy transformation.
PICTET: 250 billion Swiss franc (about S $ 385.5 billion)
PICTET Wealth Management, César Pérez Ruiz, said that energy independence and response to climate change are the key themes of transactions.But this is not the same as the surface industries such as photovoltaic panels or electric vehicles.
"I want to buy sectors that benefit from these themes, such as companies that are going to digitize, and companies that invest in infrastructure," he said, such as Schneider Electric.
Given that Chinese real estate, consumption, and technology companies are experiencing continuous turbulence, RUIZ is still cautious about its prospects.He believes that this has many similarities with the Spanish real estate crisis more than ten years ago, and its impact still exists.
"I'm more optimistic about other parts of the world," he said, saying that Europe and Japan are attractive investment markets.
Partners Group: $ 147 billion
Unlike many peers, PARTNERS Group Holding Ag chief investment officer Stephan Sch? Li still believes that there are many highlights in the Chinese market, especially the pharmaceutical field.The valuation of these companies has increased significantly during the peak of the epidemic. Now that they are looking for growth capital, valuations have become easier to bear.
"We are global investors, so they do not rule out China," he said, and said that medical services such as drug research and development, manufacturing packaging, and other medical services have brought opportunities to China and other Western markets.
Although Sch? Li is relatively cautious about the property of office buildings, but GIC agrees with GIC's preference for the last mile of logistics assets and Pictet's enthusiasm for benefiting from artificial intelligence and environmental issues.
"The IT service industry is changing, and it is attractive to be able to implement artificial intelligence and help other companies to complete this work," he said.Companies that provide ESG -related services are also investment targets.
