Salient to Investors: Sampath Reddy at Bajaj Allianz said offshore investors will buy more Indian equities after India opened its retail and aviation industries to foreigners. Bloomberg estimates foreign funds bought a net $13.4 billion of Indian shares so far in 2012, second only to China in Asia. Aditya Narain at Citigroup raised its June 2013 target
READ MORE... →Salient to Investors: Tobias Levkovich at Citigroup predicts the S&P 500 will hit 1,615 in 2013. Brian Belski at Bank of Montreal predicts the S&P 500 to hit 1,575 in 2013. Savita Subramanian at Bank of America expects the S&P 500 to hit 1,600, but straight up, in 2013 on record earnings, reduced concerns about the global economy, and
READ MORE... →Salient to Investors: Junk-bonds are outperforming the highest speculative-grade tier by the most since February, and yield the lowest ever. EPFR reports inflows into junk-bond funds globally at $52.4 billion for 2012 through Aug. 29, versus $8.3 billion in 2011 and $31.5 billion in 2010, and despite slowing earnings growth for speculative-grade companies accelerating credit-ratings cuts.
READ MORE... →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: Bets on rising gold prices rose to the highest since March. Combined bets on 18 U.S. commodities is still near the highest in 15 months. Dan Denbow at USAA Precious Metals & Minerals Fund said putting more money into the economy is always good news for gold James Dailey at TEAM
READ MORE... →Salient to Investors: Profits are moving U.S. equity prices more than any time since the bull market began 3 1/2 years ago. Bloomberg data show: S&P 500 companies rose or fell an average of 4.4 percent the day after releasing results since July. Daily swings in the index narrowed to 0.4
READ MORE... →Salient to Investors: Raising cash has gotten a lot harder as underperformance in the past four years has investors doubting the value of funds-of-funds. Funds-of-funds usually charge fees of 1 percent of assets and 10 percent of profits, on top of the 2 percent management fee and 20 percent performance fee
READ MORE... →Salient to Investors: The value of transactions in S&P 500 Index ETFs is about to exceed the turnover for all of the index stocks for the first time. Bears claim the increase in ETFs shows investors are giving up on picking stocks; bulls claim it shows that individuals and institutions still want to own equities
READ MORE... →Salient to Investors: Speculators increased bets on commodities for a record eighth consecutive week and double year’s low on June 5 . Hedge funds upped net-long positions in 18 U.S. futures and options by 4.9 percent. Gold holdings climbed by the most since November 2008, cocoa bets reached a one-year high. instant credit no credit check U.S. service
READ MORE... →Salient to Investors: Fund managers are increasing holdings in Spain, Italy and Germany. Bank of America said 45 percent of fund managers believe euro-zone shares are undervalued, the highest for any region since at least 2001. The Euro Stoxx 50 has dropped 30 percent from February 2011 to 0.93 times book value,
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