Equities should outperform bonds in pension plans in 2013, according to fund managers in the United Kingdom.
According to Aon Hewitt's recent fund manager survey, 31 percent of respondents believed that global equities would be the top performer in 2013 and nearly a quarter of those polled predicted that emerging market equities would finish the year on top, even though they had a weak start to the year with marginal falls in the first quarter.
European equities landed on both the best and worst investments lists and investment-grade credit was expected to deliver the weakest returns in 2013. Inflation-linked bonds were the second most likely poor performer, despite a strong start to the year.
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