Fear is trumping greed in global markets, says Jeff Rogers, chief investment officer of Ipac which manages about $12 billion in assets.
“Fear is dominating at the moment,” says Rogers, speaking on the sidelines of the Fiduciary Investors Symposium conference organized by Conexus Financial Ltd., publisher of I&T News.
The balance sheets of many large companies are, however, healthy.
“Corporations are in really good shape,” says Rogers. “There are opportunities but people are reluctant because of economic and political reasons.”
He has advice for his fellow chief investment officers.
“Turn off your computer screen and look at the income streams given to you by quality assets,” says Rogers.