Watson Wyatt has released the results a ‘notional’ portfolio – to show how institutional investors might have performed if they had placed assets with investment managers that it recommended.
Each ‘Model portfolio’ consists of Watson Wyatt’s preferred manager line-up for that asset class. It covers 13 asset classes in most major equity and bond markets around the world.
Over the three-year period since the portfolios were set up, all 13 outperformed their benchmark - before transition costs and fees. After fees and transition costs, only the notional emerging markets equity portfolio underperformed. But it will not be releasing the names of managers.
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