Fixed income surges in popularity among asset allocators

PGIM Investments survey

Bonds are back in the eyes of fund allocators, as the sector received renewed popularity in the latest Gatekeeper Pulse study from PGIM Investments, Investment Week can reveal.

In the firm's latest study, which interviewed 210 asset allocators, all of whom have AUM of at least $1bn, fixed income was the most popular asset class by far, with 58% of asset allocators expecting to increase investment in fixed income, compared to 7% who will decrease it. Meanwhile, the net demand for private equity sat at 17%, while public equity was at 14%. Appetite for bonds not abating in face of 'exaggerated' 5% Treasury yields While respondents were slightly pessimistic about the prospects of the global economy and risk assets, opinion varied widely, with over a third pre...