Wednesday, May 25, 2016
This article is the second in the 2016 BCG Value Creators series. In May 2016, we released the 2016 Value Creators rankings, which track the top performers worldwide and in 28 industry sectors on the basis of their total shareholder return (TSR) from 2011 through 2015.
Recent volatility in global equity markets has led to an uptick in bearishness among investors. According to BCG’s eighth annual investor survey, investors are scaling back their expectations for total shareholder return (TSR) and looking for companies that are building value-creating businesses, not just returning cash to shareholders in the form of dividends and stock buybacks.
The survey—conducted in early 2016 by BCG in partnership with Thomson Reuters, the world’s leading provider of business and financial information—received responses from more than 700 portfolio managers and buy-side and sell-side analysts, representing firms that are collectively responsible for approximately $2.5 trillion in assets under management. BCG has conducted the survey every year since 2009 to understand investors’ views on global capital markets and priorities for shareholder value creation.