Asset managers plan to allocate nearly one-third of their new product development plans to international and global stocks over the next 12 months, new research shows.
Cerulli Associates, Boston, discloses this finding in a new report, “Retail Products and Strategies 2012: Formulating a Product Line Strategy in a New Era.” In its fifth iteration, the annual report analyzes strategy and innovation for U.S. investment products. The survey explores investment strategies and product development in respect to mutual funds, closed-end funds, retirement income products, target-date and target-risk funds and 529 plans.
The report observes that over the next 12 months, asset managers plan for 31 percent of their product development to be in international/global asset classes, up from 19 percent in 2011.