As 2008 draws to an end it is only natural to reflect on events that have have made the year memorable. The year started with several groups launching Middle East and North Africa (Mena) funds – a move which appeared vindicated as oil prices soared to $145 a barrel. Then, as the year progressed and markets became even more volatile, absolute return funds proved to be the order of the day.
However, following the postponement of several launches, research from JP Morgan has suggested IFAs are looking at more traditional asset classes for their clients. Research conducted among over 150 advisers showed over half (51%) favoured America, compared with emerging markets (25%), Japan (18%) and Europe (6%). At the same time last year it says just 10% of IFAs preferred America.