Investment consultancy William M. Mercer recently invited a number of Hong Kong corporate pension fund managers to hear its view of the world, and the advice was a no-holds barred call to diversify more into global equities. Tim Gardener, London-based global practice leader, said rising demand globally for equities would inflate their values, making them a good bet for the next decade. I know its a bubble, but its a long-enough bubble to play, he comments.
His reasoning several global trends are forcing governments everywhere to take a more American style approach to savings and pensions. Demography is obviously one factor, with every developed country, save the United States, facing an...
