Salient to Investors: The MSCI Emerging Markets Index is up 22 percent since its October 2011 low versus the 33 percent advance for the MSCI World Index – the first time since 1998 they have underperformed during a global rally. Bulls say emerging markets will lead the next stage of the global rally
READ MORE... →Salient to Investors: Jay Pelosky at 2Z Advisory says investors should focus first on where there is flexibility by policy makers, and the best places to invest in order are: Japan has twin engines of fiscal and monetary policy. UK government has made it clear they will not move off austerity but
READ MORE... →Salient to Investors: Joseph Dayan at BCS Financial said the panic is abating and investors are moving back to riskier assets such as emerging-market equities as investors quickly realized that Cyprus in not a precedent for peripheral European countries and that deposits in mainstream financial systems remain off-limits. The MSCI Emerging
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs says: China equities are very cheap and are the best place to be in 2013. Don’t expect draconian tightening in China as inflation last year was way below their target and the government has been careful not to stimulate economy too much and are doing a good
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because
READ MORE... →Salient to Investors: Kim Dae Young at KB Asset Mgmt said concerns about China’s recovery are prompting investors to take profits. The MSCI emerging-markets index is at 10.2 times projected 12-month earnings versus 13.2 times for the MSCI World. Benoit Anne at Societe Generale said there are more bears than bulls for the first time
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo said: All global asset prices are too high because of Federal expansive monetary policy. US companies, other than quality stocks with stable earnings and low debt, and most global growth equities, are brutally overpriced. US large-caps, excluding quality stocks, will lose
READ MORE... →Salient to Investors: Adrian Mowat at JPMorgan said emerging-market stocks may enter a significant correction because fundamentals and technicals are weakening – investors should use options that protect against stock losses and sell equities that are most sensitive to market swings. Mowat sees no near-term changes to these conditions and expects emerging markets to
READ MORE... →Salient to Investors: Allan Yu at Metropolitan Bank & Trust said easing the US stimulus will siphon away some of the liquidity that fueled the rally in emerging stocks. Adrian Mowat et al at JPMorgan said fundamentals and technicals are weakening and emerging-market stocks may enter a more significant correction after underperforming
READ MORE... →Salient to Investors: The MSCI Emerging Markets Index 30-day volatility dropped to the lowest level since 1997 and is at 10.4 times estimated profit versus 13.8 times for the MSCI World Index. Jitra Amornthum at Finansia Syrus Securities said China’s economic recovery remains weak. Read the full article at http://www.bloomberg.com/news/2013-02-18/emerging-stocks-fall-most-in-week-on-korean-won-metal-prices.html Free email alerts of articles as
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