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GLOBAL OVERVIEW | REGIONAL OVERVIEW | VIEW TABLE OF CONTENTS
Mercer’s Global Manager Search Trends report is a valuable indicator of global and regional institutional investment trends. Data are consistently collected and analyzed from searches conducted by Mercer consultants for Mercer Investments 'clients across the world.
The report covers the regions of Asia and Europe ex UK and individual countries including the US, the UK, Canada and Australia.
For each region covered, the report includes:
- Summary of search activity
- Most popular asset classes
- Detailed search activity by asset class from 2003 to 2012 measured in number of searches
- Detailed search activity by asset class from 2003 to 2012 measured in assets placed
- Asset classes with greatest change in activity (increased and decreased)
Note for the US, search activity for defined contribution plans is shown separately.
During 2012, Mercer advised on 776 searches globally, up slightly from 742 in 2011. Global/International Equity remained the most popular asset class. Although its share of the total number of searches went down slightly, assets placed did go up from US $9.7 billion to US $12.6 billion. Exposures to both equity and debt in Emerging Markets grew significantly, most notably in terms of assets placed. Investments in Emerging Markets Equity nearly doubled from US $2.2 billion to US $4.1 billion as Emerging Markets Debt tripled from US $1.3 billion to US $3.9 billion. Global Fixed Income also attracted new money jumping from eighth place by number of searches last year to fourth place with Canada Equity in 2012.
Significant shifts were also manifested across a range of alternative asset classes. Infrastructure made its debut in the Top 20 asset classes both in terms of number of searches (3.6% share of total searches) and value of assets placed. Growing interest in Private Equity and Multi-Strategy Hedge Funds was also evident.
Activity in the UK, both in terms of number of searches and assets placed, was more robust in 2012 compared to 2011. Defined Benefit searches in the US remained relatively high while activity in Canada posted a slight increase. The total number of searches in New Zealand was the highest recorded in 2007. Searches in Asia declined in 2012 and increased slightly in Australia.
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