Salient to Investors: In a Bloomberg poll of 847 investors, analysts and traders: A quarter expect Chinese markets to be among the worst performers over the next year. 46 percent, the highest, say U.S markets offer among the best returns over the next year. 18 percent expect commodities to offer the highest
READ MORE... →Salient to Investors: Emerging-market equity funds posted $8.7 billion of outflows in Q2, $262 million of outflows n the week ended June 27 – 2012 inflows dropped to $14 billion. Russia’s RTS Index lost 22 percent this quarter, Brazil’s Bovespa Index lost 18 percent, Shanghai Composite Index lost 2.3 percent. Chinese industrial companies’ profits
READ MORE... →Salient to Investors: China’s Shanghai Composite Index erased its 2012 gain on concern a manufacturing slump and Europe will deepen the economic slowdown. Wu Kan at Dazhong Insurance Co said the Chinese economy is still slowing and earnings growth forecasts have further room to fall, and investors have no idea how slow earnings
READ MORE... →Salient to Investors: The Shanghai Composite trades at 9.69 times estimated profit, versus the MSCI BRIC Index (MXBRIC), at 8.36 times profit. Qu Hongbin at HSBC Holdings said China hasn’t responded quickly enough to the economic slowdown. Predictions: Yu Guang of Invesco Great Wall Fund Management says China’s economy will remain in the doldrums in
READ MORE... →Salient to Investors: The cheap valuations of European banks, Japanese carmakers, Hong Kong developers and Russian oil producers are attracting investors, indicating that most investors are more concerned with preserving capital than earning higher returns. Shares with the lowest price-to-book ratios lost an average 10 percent since March 2012 and trailed the most expensive shares by
READ MORE... →Salient to Investors: fixed income payday loans China is to cut the minimum requirement on assets under management to $500 million from $5 billion for foreign institutional investors looking to buy publicly traded securities in mainland exchanges and invest in the interbank bond market. Foreign investors will now be required to have at least
READ MORE... →Predictions: pavement Stefan Angele at Swiss & Global Asset Management says uncertainty about Europe and the slowdown in China remains – the extension of Operation Twist was largely symbolic and will have no significant effect on either economic growth or the markets. Read the full article at http://www.bloomberg.com/news/2012-06-21/asian-stocks-gain-after-fed-extends-stimulus-as-oil-euro-drop.html
READ MORE... →Salient to Investors: Shanghai index down 6.8 percent since 2012 high on March 2, trades for 9.9 times estimated earnings versus five-year average of 17.8. Health-care stocks trade at 20.3 times estimated profit versus 10.9 for the CSI 300. Mao Sheng at Huaxi Securities says it’s difficult for stocks to rise with market liquidity. Gigi Chan
READ MORE... →Predictions: Templeton’s Mark Mobius sees emerging-market stocks in a sweet spot as Chinese economic growth remains buoyant and valuations plunge from historical averages, and is increasing holdings in China, Russia, Turkey, Thailand and Africa. Read the full article at http://www.bloomberg.com/news/2012-06-19/most-emerging-stocks-decline-on-europe-debt-crisis-oci-rallies.html
READ MORE... →Predictions: Industrial and Commercial Bank of China ‘s Zheng Zhiguang says the financial crisis has evolved into a sovereign crisis so expects gold-investment demand in China to grow more than 10 percent this year as buyers seek a haven from lackluster equity markets and property curbs. Individual, institutional or even government investors should own gold
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