New York, NY, USA
November 4, 2008

Market Updates and Investment Trends
Where the Money Is Going

Table of Contents

Return to report Abstract

Executive Summary 3
Introduction 7
Macroeconomic Views 9
  The Housing Market Has Further to Fall 9
  All Signs Point to a Weaker Consumer 10
  Money Markets Remain Paralyzed 11
  Inflation to Be Kept Alive 13
  High Recession Probability and Slowing of Global Growth 15
Equities 17
  Market Update 17
  LLooking Forward 20
Fixed Income 23
  Market Update 23
  Looking Forward 28
Foreign Exchange 31
  Market Update 31
  Looking Forward 34
Commodities 35
  Market Update 35
  Looking Forward 40
Emerging Markets 43
  Market Update 43
  Looking Forward 44
Derivatives 48
  Market Update 48
  Looking Forward 51
New Assets 54
  Distressed Assets 54
  Longevity 55
  Infrastructure 56
  Renewables / Carbon Credit 58
  Freight 59
  Microfinance 59
  Reverse Mortgages 61
Investor Landscape in Motion 63
  Sovereign Wealth Fund Segment 63
  Changing Landscape Retail Investors 65
  Long-Only Investors 70
  Hedge Funds 72
Conclusions 76
 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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