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: Investors are exiting the BRICs as disappointing profits and growing state intervention cause stocks to trail global shares for a fourth year. Over 59 percent of MSCI BRIC index companies have missed analyst estimates for the fourth-straight quarter in 2013. Peter Dixon at Commerzbank says lower valuations means the time is ripe for
READ MORE... →Salient to Investors: Prashant Jain at at HDFC Asset Mgmt sees value in India’s biggest lenders on prospects of fewer bad loans that have made them Asia’s worst-performing bank stocks in the past year. Banks account for 29 percent of his HDFC Top 200 Fund. Jain said the worst of
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: Mark Mobius at Templeton Emerging Markets says the Malaysian administration has been very good for the markets and will continue to be so, and is buying more Malaysian shares on the country’s economic growth prospects. Mobius is possibly cutting back on Indonesian banks and Indian natural-resources stocks due to valuations. The Jakarta Finance Index
READ MORE... →Salient to Investors: John-Paul Smith at Deutsche Bank said stocks in the major developing markets will again lag global equities in 2013 – China has focused on increasing the pool of buyers for Chinese assets, rather than boosting the role of free markets and privately run companies in the broader economy. Smith prefers cash to BRIC
READ MORE... →Salient to Investors: Indian policies to lure foreign investors are driving the nation’s largest money managers to buy automakers, property companies and metal producers that stand to benefit most from a recovery. Overseas investors bought a net $24.2 billion of Indian stocks in 2012, the most among 10 Asian markets excluding
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
READ MORE... →Salient to Investors: Two-thirds of investors surveyed by Bloomberg described the global economy as either stable or improving. the most since May 2011. The investors said the US offered the best opportunity over the next year for the eighth straight quarter. Goldman Sachs recommended buying Indian stocks. Read the full article at http://www.bloomberg.com/news/2012-11-29/asian-stocks-gain-with-oil-on-u-s-budget-optimism-gold-rallies.html
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
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