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30 January, 2012
The Great Deleveraging Myth
There’s been a lot of commentary lately about whether or not developed economies are deleveraging, i.e. winding down their debt.
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6 January, 2012
Global Macro Uncertainty in 2012 Demands Smarter Asset Allocation
In mid-December BlackRock’s most senior investment strategists spent two days sketching out market scenarios for 2012. The most likely outcome in their view was a so called “divergence” under which policy-makers do what is necessary to avoid catastrophe, the Euro Zone suffers a mild recession, the US and Japan muddle through with low growth and the emerging world accelerates.
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20 December, 2011
European Overhang and Odds of a Meltdown
Last week I noted that very elevated Italian and Spanish bond yields remain a short-term risk for both the European and global economies. Several other major European-related risks also continue to threaten markets.
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12 December, 2011
Asian High Yield Fixed Income ETFs Provide a New Avenue for Income Generation
Here is a dilemma for both personal investors and big institutions. The developed world’s sovereign debt crisis means that traditional “safe haven” investments look decidedly unsafe, and yet there have never been more people looking for low risk strategies to invest their savings.
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22 November, 2011
China's A-Share Markets Offer Depth and Breadth Not Available in H-Shares
It is notoriously difficult to call turning points in the Chinese equity market. Cycles seem to extend further on the upside than is warranted by fundamentals, while domestic investors tend to stay excessively gloomy through downturns. Over the last year Chinese investors have been miserable due to prolonged tightening measures and a slowing economy.
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3 November, 2011
ETF Reform Agenda Promises a Return to Original Principles
When thinking this week about Steve Jobs remarkable legacy what stood out for me was his relentless drive to simplify the consumer experience. In transforming the way we use technology, he reversed the seemingly inevitable trend in modern life for everything to become more complicated.
