Salient to Investors: Aryam Vazquez at Wells Fargo said many emerging market countries are commodities producers, exporters and consumers, so are going to feel any pullback in risk assets such as commodities. Paul Joseph Garcia at BPI Asset Mgmt said the Philippine stock rally stands on firm ground as investors will pay a
READ MORE... →Salient to Investors: Stocks in the least-developed markets are producing annual returns at least 7 percent higher than mutual fund managers around the world. Carlos von Hardenberg at Franklin Templeton Investments said their companies are overlooked and under-owned. Sam Vecht at BlackRock Frontiers Investment Trust is much more positive on frontier countries
READ MORE... →Salient to Investors: Venezuela bondholders have returned 14.7 percent annually, double the emerging-market average, enriching investors from OppenheimerFunds to Goldman Sachs. Sara Zervos at OppenheimerFunds said Chavez has done little good for Venezuela, but has serviced the bonds, and the Venezuelan securities are more attractive than Brazilian bonds, which offers little upside. Zervos said
READ MORE... →Salient to Investors: Gaelle Blanchard at Societe Generale said there’s a run of risk aversion on concerns for growth. Martial Godet at BNP Paribas CIB said global earnings growth should be stronger than 2012 for emerging-market companies, particularly China, while commodity and oil prices are resilient, which helps Russia. The MSCI emerging-markets
READ MORE... →Salient to Investors: Bloomberg survey of global investors: 38 percent, the highest, expect the US to be in the top two markets over the next year, followed by China. 53% say equities offer the highest return in the next year, the most since the poll began in July 2009. Nearly
READ MORE... →Salient to Investors: Harry Fotopoulos writes: Market is in a bullish uptrend, led on increasing volume by economically sensitive sectors, small caps, and emerging markets. The market has confirmed a breakout, and not yet dramatically overbought. Expect a minor correction at any time. Look for gold to make another run
READ MORE... →Salient to Investors: Nicholas Pardini at Nomadic Capital Partners writes: US and European stocks are no longer the safest bets. Investors should expect subpar real returns from the US economy and positive long run returns from emerging markets. The biggest economic trend of the 21st century is the global convergence of
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes Structural headwinds lower real GDP to below 2 percent in the US and other developed nations. Bernanke is not Rumpelstiltskin and can
READ MORE... →Salient to Investors: Allan Conway at Schroder Investment Mgmt said: Emerging-market equities will return as much as 20 percent in 2013 as consumers drive growth, leaving them less reliant on the US and Europe. India and China will drive economic growth among developing nations in 2013 The increasing relative resilience of emerging
READ MORE... →Salient to Investors: Michael Hartnett at Bank of America Merrill Lynch said emerging-market stocks are poised to fall after weekly emerging-market fund inflows were the biggest in 10 months and triggered a Sell signal – that 4-week inflows totaling at least 1.5 percent of assets under management precede market declines. Hartnett said the most overbought are the most
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