IMA research: The era of equities is not coming back

Firms are not expecting a return to the "equity culture" seen in the 1990s, according to new research conducted by the Investment Management Association (IMA).

The trade body's 11th annual Asset Management Survey gathered responses from 72 member firms and 27 senior industry figures, and found little evidence that a 'Great Rotation' from bonds to equities will be long-lasting. "Firms are telling us something which is increasingly consistent, which is that they expect no return to the equity culture that characterised the 1990s," said Jonathan Lipkin, IMA director of public policy (pictured). A marked long-term decline in the popularity of equity funds was once again flagged by the study. It noted equity funds represented 89% of investment fu...