More institutional investors shifting to private assets: BlackRock survey

Singapore

MORE institutional investors are shifting risks from public to private markets amid concerns of the economic cycle taking a downturn, asset manager BlackRock found in a survey of 230 of its largest institutional clients representing over US$7 trillion in combined assets.

Of the respondents, 51 per cent intend to decrease their allocation to public equities in 2019, compared to 35 per cent planning such a decrease in 2018, and 29 per cent in 2017.

The trend is greatest in the United States and Canada where 68 per cent plan to do so, compared to 40 per cent in Asia-Paci…