Salient to Investors: Investors are growing wary of publicly traded securities as interest rate cuts at central banks helped inject liquidity into markets, bolstering bonds and stocks. Scott Kalb at KLTI Advisors said: Sovereign wealth funds are increasing their allocations to alternatives Institutional investors are focusing on hedge funds and private
READ MORE... →Salient to Investors: Luca Molinari at Warburg Pincus is targeting infrastructure service providers in Brazil which will grow significantly in the coming years. BTG Pactual Participations and Carlyle Group also seek to profit from investments needed to upgrade Brazil’s infrastructure for the World Cup and 2016 Summer Olympic Games. Eduardo Centola at Banco
READ MORE... →Salient to Investors: The ZEW Center for European Economic Research index of investor and analyst expectations rose to minus 11.5 from minus 18.2 in September. Neil Jones at Mizuho Corporate Bank said the better the chances of a bailout for Spain, the more risk-on that is – the market is not prepared for the upside or
READ MORE... →Salient to Investors: Martin van Vliet at ING said a sharp reversal in September is possible, given the slowing global economy and the fiscal squeeze in the euro zone – any upturn in euro-zone industrial activity will be modest. IMF forecasts 3.3 percent global growth in 2012, the weakest pace since the 2009
READ MORE... →Salient to Investors: Gary Cohn at Goldman Sachs says: There is a small probability that the euro area will stick together, and it’s more likely that some countries will exit to pursue growth. The ECB program hasn’t addressed the lack of growth – Europe still needs a “Lehman moment”. Southern Europe has no
READ MORE... →Salient to Investors: China’s biggest banks are resisting government pressure to lower borrowing costs amid an economic slowdown as they seek to maintain the profitability of their lending operations. Banks are not authorized to speak publicly. Rainy Yuan at Masterlink Securities said banks can no longer afford to ramp up lending
READ MORE... →Salient to Investors: A U.S. drought is adding to the risk of a rebound in inflation in China. Credit Agricole CIB says the Chinese inflation rate may approach 4 percent by year-end, Citigroup estimates 3.5 percent. Dariusz Kowalczyk at Credit Agricole CIB said inflation will rise in Q4 as pork and other food prices climb
READ MORE... →Salient to Investors: Neil Mellor at Bank of New York Mellon said we are heading into a far more difficult period for the world economy and an exacerbation of currency wars. Kit Juckes at Societe Generale said rich nations are becoming increasingly irritated by exchange rates they see as overvalued, and the currency wars are
READ MORE... →Salient to Investors: Mark McCombe at BlackRock said China’s economic growth is poised to recover after once-in-a-decade leadership transition, and boost stock markets . The focus on consumption will benefit health-care and education stocks. BlackRock and Citigroup say policies to boost China’s growth will be clearer after the leadership change. Other analysts. Chen Ruiming at Haitong Securities
READ MORE... →Salient to Investors: Credit Suisse said: Australians have a median wealth per adult of $193,653, the world’s highest. median worth The Asia-Pacific region topped Europe as the largest wealth-holding region Australia’s proportion of individuals with wealth above $100,000 is the most of any country and eight times the world average
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