Institutional investment strategists generally paint an upbeat outlook for 2013, including the S&P 500 and emerging markets, while seeing little chance of recession in a weak but slowly strengthening economy.
Most see stronger economy, little chance of recession.
The Washington outlook for retirement and investment policy in 2013 can be summed up in one word: revenue.
But lower revenues might result as institutional investors successfully push fees down.
Real estate is expected to remain in favor with investors in 2013, but good deals and managers with attractive investment opportunities will be harder to come by, industry insiders say.
High valuation levels of 2012 might spell trouble ahead.
Pension fund, endowment and money management executives cited the eurozone crisis, China and the fiscal cliff among the top issues that occupied their minds in 2012.
On the riskiest and the best asset classes for the new year, Treasury bonds fell into both camps, depending on the strategist.