THE increasingly global nature of many of the world's largest companies means that global equities should be considered as an asset class in their own right, according to Baillie Gifford.
The provider’s own research found that more than half (52pc) of 100 intermediaries surveyed agreed with the notion of a separate classification, while over 80pc acknowledged that asset allocation around regional stock markets does not take into account the full extent of companies’ international business. Many advisers said that they lacked the time and resources to make the necessary calculations as to the impact of globalisation on their investment decisions, with a high proportion not making any specific adjustments as a result. “There is a clear desire among intermediaries for ...
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