Salient to Investors: Asian investors are the biggest buyers of office property in the City of London in 2012. A weak pound, safe haven reputation, and returns that beat financing costs makes London the world’s most attractive city for foreign property investment. Development is slower than demand, prices are 25 percent below 2007
READ MORE... →Salient to Investors: Investors reacting to government curbs on home buying are shifting money into parking spaces. The average price of a previously owned parking spot in residential complexes rose in Q3 to the second highest on record. Hong Kong has one of the lowest car ownership rates among developed countries,
READ MORE... →Salient to Investors: Hedge funds et al increased combined net-long positions for the first time in 7 weeks. James Paulsen at Wells Capital Mgmt sees many reasons why we are turning the corner, and says growth in the US and China supports being in commodities. Societe Generale said Chinese manufacturers are seeing the light at the
READ MORE... →Salient to Investors; Bond bears are buying Treasuries despite less-than-inflation yields that are the least in three years. Even bears who aren’t buying don’t expect 10-yr note yields rising much above 2 percent. Donald Ellenberger at Federated Investors said Treasuries offer little real value, but for the short-term, it is just hard to
READ MORE... →Salient to Investors: Enrico Tanuwidjaja at Royal Bank of Scotland said growth momentum in Asia is clearly taking off. Kozo Hasegawa at Sumitomo Mitsui Banking said funds continue to come into Asia, which supports regional currencies, data out of China are improving. Kim Dong Young at Industrial Bank of Korea said there’s risk appetite in the
READ MORE... →Salient to Investors: Hedge funds cut bullish commodity bets for a sixth straight week, the longest slump since the depths of the global recession four years ago, on mounting concern that economies are slowing. Investors turned bearish on copper for the first time since August. Morgan Stanley said weaker growth
READ MORE... →Salient to Investors: Foreign investors can’t get enough Treasuries despite the fiscal cliff and China’s reduced stake. Aaron Kohli at BNP Paribas said there’s little of a buyers’ strike from the Treasury’s perspective and shows the depth of demand. BNP forecasts the 10-year yield will rise to 2 percent by June 2013 versus the
READ MORE... →Salient to Investors: Alan Greenspan said that if we get out of the fiscal cliff with a moderate recession, the price is very cheap. The CBOE OEX Volatility Index has risen 56 percent since its low on Sept. 21, the highest level since August 2011 relative to the CBOE Volatility Index of S&P 500 contracts.
READ MORE... →Salient to Investors: International net purchases of long-term equities, notes and bonds were $3.3 billion during September versus net purchases of $90.3 billion in August as confidence grew that Europe was resolving its debt crisis and investors sold Treasuries following the Fed’s QE3 announcement. Read the full article at http://www.bloomberg.com/news/2012-11-16/international-buying-of-u-s-assets-plunges-on-europe-optimism.html
READ MORE... →Salient to Investors: Koji Fukaya at Office Fukaya said stock declines are hurting risk sentiment and investors are selling Asian equities, putting downward pressure on regional currencies. Fukaya said money will continue to flow into emerging markets and their currencies will recover in the medium to long-term. Saktiandi Supaat at Malayan Banking said asian currencies will remain volatile
READ MORE... →