Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Wealthy back art over other investments

Wealthy back art over other investments

Art has been billed as the asset likely to offer the best returns this year against a climate of ever-increasing investor uncertainty, a survey has shown.

A multiple choice question ‘What components of a diversified portfolio strategy will offer prospects of positive returns in 2012’ was posed to a group of 70 bankers investment managers and lawyers, with 50% choosing art in their top three choices.

The result pushed art well ahead of property, alternative investment funds and soft commodities.

Fundquest UK CEO and panel speaker at the conference,  Antony John said he was surprised at the result, but that it showed investors were looking for lower volatility through wider asset diversification.

‘What is perhaps surprising is what is being considered with art and wine figuring more prominently than I would have predicted, a sure sign if ever there was one that sophisticated investors’ love affair with pure equity only strategies is well and truly over,’ he said.

‘The high level of uncertainty created by the Eurozone crisis which means that assets with intrinsic value are in increasing demand,’ said Caroline Garnham, founder and chief executive of Family Bhive which carried out the survey at a eurozone panel discussion it held with Fundquest UK.

‘People will always value beautiful works of art and see them as something they want to own as well as safe investments,’ she added.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Kleinwort Hambros' boss on how to manage five banks

Profile: Kleinwort Hambros' boss on how to manage five banks

Welding together Kleinwort and Hambros – two of Britain’s most historic banks, founded in 1786 and 1839 respectively – was always going to be a challenge.

Wealth Manager on Twitter