Why investors are looking elsewhere for diversified returns

What is driving demand?

Recent weeks have seen an acceleration of the theme of asset managers bolstering their private markets capabilities in efforts to capture the value potential of the rapidly expanding $7.4trn unlisted equity market.

Recent weeks have seen an acceleration of the theme of asset managers bolstering their private markets capabilities in efforts to capture the value potential of the rapidly expanding $7.4trn unlisted equity market. In the world of investment trusts this was seen through moves from Fidelity China Special Situations and Baillie Gifford UK Growth to boost their exposure to the unlisted space. On page 4, Kathleen Gallagher examines what is driving this rush, particularly within the open-ended fund space, given the ample opportunity within the closed-ended market. Perhaps the trend is d...