Salient to Investors:

Uche Orji at Nigerian Sovereign Investment Authority said:

  • Many asset classes are richly valued, including developed market equities.
  • The DJIA has gained each year since 2009 and Europe is recovering, so equity values may rise further amid Fed tapering.
  • Nobody knows what tapering is and nobody has seen this level of QE in history so we do not know how the market will react.

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