indexwatch saptamanal, nr.180, 22 aprilie 2013
●
Dan Rusu, Head of Research
[EXC
tel +40(264) 43 05 64; int 225
] T P ER
email dan.rusu@btsecurities.ro
focus
Capitalul revine in actiuni incepand cu a doua jumatate a lui 2012 Alocarea activelor investitionale la nivel global in ultimii 3 ani | sondaj Reuters 6.8
6.6
6.9
6.9
37.2 4.2
37.3 4.4
38.3 4.1
37.6
38.8 4.8
37.8
7
7.2 5.8
36.8
7.3
7.3 6.5
37.3
37.6 4.9
7.2 6.9
5.1
7.9 6.9
36.3
8
8.5 7.1
36
8.2
5.6
34.3
7.8 5.1
5.4
36.2
34.8
7.5 6
33.9
7.7 6.6
34.4
7.7 6.4
35.3
8.6 5.9
35.9
8.7 6.3
34.6
8.8
36.1
8.2
5.8
8.5
35.1
35.3 4.5
4.9
35.5
8.6 5.2
34.6
8.9 5.1
34
7.6
7.9
8.1
8.7 4.7
34.2 4.6
33.7 4.1
8.1
34.6
33.9 3.9
5
34.2 4.6
5.4
36.1
7.7
7.5 5.8
36.3
7.7
7.7 5.8
36
7.9 5.2
35.1
7.7
34.9
7.1
35.5 4.7
5.1
7.5
34.5 4.5
ponderea diferitelor active in portofoliile marilor investitori globali (%); evolutia comparativa a pietelor de actiuni si obligatiuni la nivel global 100% 90% 80% 70%
50.7
51.3
52.1
49.7
50.2
50.4
49.5
49.3
48.5
49
48.4
52.3
52.5
52.3
50.5
51.3
50.6
50.5
49.5
49.2
52.1
51.5
51.3
50.7
52.6
53.6
54.2
54.1
53.2
52.7
50.8
50.4
51.8
50.6
52.3
53.5
52.8
60% 50% 40% 30% actiuni
20%
obligatiuni numerar © BT SECURITIES
10%
altele
Mar-13
Feb-13
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
Apr-11
May-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
0%
rebazare: martie 2010 = 100
125 120 119
117 115 110 105 © BT SECURITIES
100 95
MSCI World Index (actiuni) PIMCO Global Avantage World Index (obligatiuni )
90
Mar-13
Feb-13
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
Apr-11
May-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
85
sursa: PIMCO, Thomson Reuters, BT Securities Research
Sondajul Reuters privind alocarea activelor investitionale la nivel global se realizeaza lunar si compileaza date de la cei mai mari 54 investitori institutionali din Statele Unite, Japonia, Europa continentala si Marea Britanie. Rezultatele sunt exprimate ca medie aritmetica simpla (nu ponderata) la nivelul esantionului.
1