capitalul revine in actiuni incepand cu a doua jumatate a lui 2012

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

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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.

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Page 1: Capitalul revine in actiuni incepand cu a doua jumatate a lui 2012

85

90

95

100

105

110

115

120

125

Mar

-10

Apr-1

0

May

-10

Jun-

10

Jul-1

0

Aug-

10

Sep-

10

Oct

-10

Nov-

10

Dec-

10

Jan-

11

Feb-

11

Mar

-11

Apr-1

1

May

-11

Jun-

11

Jul-1

1

Aug-

11

Sep-

11

Oct

-11

Nov-

11

Dec-

11

Jan-

12

Feb-

12

Mar

-12

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct

-12

Nov-

12

Dec-

12

Jan-

13

Feb-

13

Mar

-13

53.5

52.8

52.3

51.8

50.6

50.4

50.8 52

.7

53.2

54.1

54.2

53.6

52.6

51.3

50.7

51.5

52.1

49.2 50.5

49.5

50.6

51.3

50.5 52

.3

52.5

52.3

48.4 49

48.5

49.5

49.3 50.4

50.2

49.7 52

.1

51.3

50.7

34.5

35.5

34.9

35.1 36

36.3

36.1

34.6

34.2

33.9

33.7

34.2

34

34.6

35.5

35.1

35.3

36.1

34.6

35.9

35.3

34.4

36.2

34.8

33.9

34.3

36 36.3

37.3

36.8

37.8

37.6

37.6

38.8

37.2

37.3

38.3

4.5 4.7

5.1

5.2 5.8 5.8

5.4 5

4.6

3.9

4.1 4.6

4.7

5.1 5.2 4.9 4.5

5.8

6.3

5.9 6.4

6.6 6

5.1

5.4

5.6

7.1 6.9 6.9

6.5 5.8

5.1

4.9 4.8 4.2

4.4

4.1

7.5

7.1

7.7

7.9

7.7

7.5

7.7

7.7

8.1

8.1

7.9

7.6

8.7

8.9

8.6

8.5

8.2

8.8

8.7

8.6

7.7

7.7

7.5

7.8

8.2 8

8.5

7.9

7.2

7.3

7.2 7

7.3

6.8

6.6

6.9

6.9

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Mar

-10

Apr-1

0

May

-10

Jun-

10

Jul-1

0

Aug-

10

Sep-

10

Oct

-10

Nov-

10

Dec-

10

Jan-

11

Feb-

11

Mar

-11

Apr-1

1

May

-11

Jun-

11

Jul-1

1

Aug-

11

Sep-

11

Oct

-11

Nov-

11

Dec-

11

Jan-

12

Feb-

12

Mar

-12

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct

-12

Nov-

12

Dec-

12

Jan-

13

Feb-

13

Mar

-13

indexwatch

1

saptamanal, nr.180, 22 aprilie 2013 ● Dan Rusu, Head of Research tel +40(264) 43 05 64; int 225 email [email protected]

Capitalul revine in actiuni incepand cufocusa doua jumatate a lui 2012

Alocarea activelor investitionale la nivel global in ultimii 3 ani | sondaj Reuters ponderea diferitelor active in portofoliile marilor investitori globali (%); evolutia comparativa a pietelor de actiuni si obligatiuni la nivel global

sursa: PIMCO, Thomson Reuters, BT Securities Research

© BT SECURITIES

© BT SECURITIES

actiuni

obligatiuni

numerar

altele

MSCI World Index (actiuni)

PIMCO Global Avantage World Index (obligatiuni )

119

117

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.

rebazare: martie 2010 = 100

[EXCERPT]