Salient to Investors: Matthew Sherwood at Perpetual Investments said the Fed is very nervous about continuing QE – if they say they have to wind down before labor stabilizes, one of the key supports will be taken away from the market. The MSCI Asia Pacific Index is at 14.9 times
READ MORE... →Salient to Investors: Grace Tam at JPMorgan Asset Mgmt said the big picture is much better than last year, and its positive for equities in the medium term because of easy global monetary policies. family members treated The MSCI Asia Pacific Index is at 14.9 times estimated earnings versus 13.8 for the S&P
READ MORE... →Salient to Investors: David Cassidy at UBS said there is risk of a correction, but people are not positioned for this rally and are still scrambling to buy so I am not bearish on equities. The MSCI Asia Pacific Index is up 3.3 percent in 2013, less than the 6.7
READ MORE... →Salient to Investors: Laurentia Amica Darmawan at PT First State Investments Indonesia said the currency issue is the biggest risk factor in the foreseeable future for Asian companies, and will continue until we have clarity on how long global monetary easing will last. Credit Suisse lowered Turkish banks to neutral from
READ MORE... →Salient to Investors: Andy Ho at VinaCapital Investment Mgmt, Vietnam’s biggest fund manager, said the Vietnam stock market will rise steadily in 2013 to reflect an economic expansion of between 5 percent and 6 percent. Ho likes basic sectors that contribute to the growth of the domestic economies, like pharmaceuticals, education and agriculture.
READ MORE... →Salient to Investors: Shane Oliver at AMP Capital Investors said economic data looks OK and has been supporting the share market, but we will have to see a resolution of the fiscal cliff for the rally to continue. The MXAP trades at 14.2 x estimated earnings versus 13.6 x for the S&P 500 and 12.6 x for
READ MORE... →Salient to Investors: The HSI Volatility Index reached a six-year low earlier this month, and the Nikkei Stock Average Volatility Index is trading near a 20-month low. Andrew Wong at Fortress Investment Group said the last time we heard that volatility was never going to rebound was in late 2006, just
READ MORE... →Salient to Investors: Albert Sung at Katchum Macro-Economic Blog writes: The Fed can print money but can’t control where it goes. Money is now flowing into Asia – Thailand, Indonesia, Hong Kong, Shanghai, Australia are at new highs, while the Hong Kong and Shanghai real estate markets are making new highs. Asian real estate developers in
READ MORE... →Salient to Investors: David Gaud at Edmond de Rothschild Asset Mgmt said more and more central banks are easing monetary policy, and since bonds have been mostly held by global investors, it makes sense to start seeing spill-over into the equity side which as an asset class is very cheap on a relative basis – there is
READ MORE... →Salient to Investors: Peter Elston at Aberdeen Asset Mgmt said is very concerned about the near-term global economy, sees significant weakness around the corner which will have a big impact on corporates and markets. The MSCI Asia Pacific index is 12.8 times estimated earnings versus 14.1 for the S&P 500 and 12.1 for the Stoxx Europe 600
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