Salient to Investors: Mark Mobius at Templeton Emerging Markets said: Developing-nation equities will climb in 2013 on low debt levels, high foreign exchange reserves, economic growth that may average 5 percent in 2013, central banks adding money to the financial system. Low interest rates make equities very attractive. sending institutions et al on an incredible hunt for returns, including frontier
READ MORE... →Salient to Investors: Jeffrey Gundlach at DoubleLine Capital says: The first phase of the coming debacle was the 27-year buildup of corporate, personal and sovereign debt to 2008. The third phase will be deeply indebted countries and companies defaulting sometime after 2013. Buy gemstones, art and commercial real estate and other hard assets. Chinese
READ MORE... →Salient to Investors: Christopher Palmer at Henderson Global Investors said for most investors China remains the main show. The MSCI Emerging Markets Index has risen 7.6 percent in 2012 versus a 9.1 percent gain in the MSCI World Index, and trades at 11.4 times estimated earnings versus 13.3 respectively. Read the full article at http://www.bloomberg.com/news/2012-11-22/emerging-stocks-rise-fourth-day-on-china-data-gaza-cease-fire.html
READ MORE... →Salient to Investors: Wu Kan, a fund manager at Dazhong Insurance said the market focus is returning to the fiscal cliff. The MSCI Emerging Markets Index trades at 11.4 times estimated earnings versus 13.2 times for the MSCI World Index. 57 percent of MSCI Emerging Markets Index companies so far reporting have missed
READ MORE... →Salient to Investors: Chris Weafer at Sberbank Investment Research said people are looking to the tough schedule ahead for the US coupled with uncertainty surrounding Greece and the euro zone. Michael Ganske at Commerzbank said a clear-cut win for Obama is good news as the political agenda of Romney had question marks. Arjuna
READ MORE... →Salient to Investors: Ross Teverson at Standard Life Investments said we are in a good place for emerging markets – short-term emerging market equities will be dependent on developed markets, but the structural outlook is very compelling. Teverson said he doesn’t need to own a Chinese bank or a Brazilian bank just
READ MORE... →Salient to Investors: Anna Stupnytska at Goldman Sachs Asset Mgmt said: The growth market and the emerging market should be the main focus. Emerging markets are undervalued because investors are focused too much on the developed world. Investors are undervaluing the BRIC story which is still valid long-term. grow center The rise of the
READ MORE... →Salient to Investors: Paul Joseph Garcia at BPI Asset Mgmt said any good news from Europe and China will be a buy signal for investors, and is overall net buying. IMF cut its global growth forecast this year to 3.3 percent, the slowest since the 2009 recession, sees alarmingly high risks of a steeper slowdown,
READ MORE... →Salient to Investors: Joyce Chang at JPMorgan Chase said QE3 puts emerging-market corporate and sovereign debt in a sweet spot by reducing bond supply and prompting investors to seek higher-yielding debt – modest borrowing by emerging-market governments and companies has avoided a supply glut. Chang favors commodity-related currencies including the Russian ruble, Mexican peso and
READ MORE... →Salient to Investors: Equity markets will trend higher even if economic activity continues slow for a prolonged period. Any market correction over 10% is a buying opportunity. Asset markets are critical in the current environment and markets will not crash or collapse for the foreseeable future. The banking system has been flooded with enough
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