Belgium: Falling on Hard Times

Quite a few Belgian institutions have indicated they expect allocation changes in the coming three years. Although there is little agreement on direction, with almost equal number of investors saying they would increase or decrease allocation to various strategies, there does seem to be a clear consensus on a number of categories: 44% of investors expect allocation to active emerging market debt and real estate to significantly increase by 2015 while another 36% believe that infrastructure will play a more important role in portfolios.