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: Armin Zinser of Societe de Gestion Prevoir remains bullish for 2013 even if the euro-economy continues to contract. Zinser likes companies that make products that we will always need, and prefers luxury-goods companies as in times of crisis, luxury does well. Zinser avoids companies partly owned by the
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: Analysts expect dividend payouts in the Euro Stoxx 50 Index will fall by 3.3 percent in 2013, cutting the dividend yield to 4.3 percent from 6.3 percent in September 2011. John Bilton at Bank of America Merrill Lynch said within Europe, excess cash on balance sheets attracts investors –
READ MORE... →Salient to Investors: Barry Norris at Argonaut Capital Partners said: Buy European stocks with the highest potential for earnings growth over those with the cheapest valuations. The big liquidity rush that has made everyone enthusiastic won’t last the year – equities will rally because they are the least-worst option among asset classes. ECB
READ MORE... →Salient to Investors: Justin Urquhart Stewart at Seven Investment Mgmt said the coming year depends a lot on the German elections, and the end to the boom in the bond markets is a matter of when rather than if. The fudging of the fiscal cliff issue means a few more crises
READ MORE... →Salient to Investors: Jane Coffey at Royal London Asset Mgmt said we are not yet over fiscal cliff problems, but expects equities to produce good returns in 2013 and valuations aren’t stretched. Moody’s said the budget agreement won’t reduce the deficit enough to avoid a US downgrade, and the ratio of government debt to
READ MORE... →Salient to Investors: Scotland’s biggest money managers do not expect the Europe economic slump to end anytime soon. Ben Ritchie at Aberdeen Asset Mgmt expects years of zero or little growth, with strong companies getting stronger and weak companies getting weaker. Greig Bryson at Scottish Widows Investment Partnership looks for companies that can grow irrespective of the
READ MORE... →Salient to Investors: Peter Oppenheimer at Goldman Sachs said: Quantitative easings have left little value in the credit markets, so investors should look for returns in European equities over bonds. The STOXX Europe 600 could see annual returns of more than 7 percent despite stagnation in the euro area. Because of a net absence
READ MORE... →Salient to Investors: The Stoxx Europe 600 Index is at 11 times estimated earnings versus 13 before the financial crisis. The average strategist expects earnings to rise almost 5 percent in 2013 and the Index to gain 10 percent to the highest level since 2008. The Index is 32 percent below its June
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