Value is hard to find, inflation is set to rear its head and quantitative easing is tapering. That combination has led Australian asset owners to expect only moderate returns for 2018.
Investment experts say Japanese equities provide opportunities for 2018, but some advocate active stock picking while others prefer ETF strategies.
Beijing is prioritising reforms, which is good news for its long term prospects but could reduce the nation's short term economic growth, and affect its appeal to equity investors.
The eurozone is tipped for its strongest economic growth in a decade next year, but the outlook is still clouded by political uncertainty going into 2018.
Soaring Asian equities are making wealthy investors cautious about further allocations, but few are ready to exit just yet, say private bankers.
High US equity market valuations remain a big concern for Asian investors but it remains their favourite region for allocating overseas, according to experts.