Over 80% of advisers plan to increase their allocation to corporate bonds in 2009 while nearly 75% intend to build their clients' exposure to the US, according to a survey of 540 attendees at the Unique Boutiques Conferences.
Sentiment among IFAs is becoming more bullish with 58% planning on decreasing cash weightings in client portfolios.
Within UK equities, large caps continue to look attractive with some 57% favouring large caps over the next year.
While 85% of those surveyed will either maintain or reduce their current small cap weightings, 82% intend to preserve or cut their mid cap exposure, suggesting portfolios will remain defensively positioned.
The fourth annual Unique Boutiques Conferences included presentations from Thames River Capital's Rob Burdett and Gary Potter, SVM Asset Management's Colin McLean, Juilan Chillingworth from Rathbone Unit Trust Management and Felix Wintle from Neptune Investment Management.
In such a difficult financial environment, Richard Romer-Lee, conference host and research director of OBSR, believes communication with the intermediary community is 'paramount'.
"As an independent, qualitative research consultancy focussed on the needs of intermediaries, OBSR seeks to identify what makes a fund worth investing in. We believe the active management approach, high levels of motivation and robust philosophies typically employed by investment boutiques make their funds appeal to investors," he says.
The presentations can be viewed at: www.uniqueboutiques.co.uk.IFAonline
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Square Mile’s series of informal interviews
Fallout from Haywood suspension