PRESIDENT PUTIN SAYS RUSSIA TO CONVERT $15 BILLION WORTH OF ITS RESERVES INTO UKRAINIAN SECURITIES
LONDON (Reuters) – The number of investors who think the dollar is cheap has hit its highest level since August 2008, encouraging asset managers to avoid emerging market assets, commodities and the yen, a survey showed on Tuesday.
The monthly fund managers poll by Bank of America Merrill Lynch showed investors kept their high cash levels in December, partly thanks to their expectation the dollar will appreciate. They remained overweight stocks and underweight bonds.
Read Sophie Schmit’s note on her trip to North Korea with her father here https://t.co/r4mL4gVKup
Advice from Google CEO Schmit’s daughter who with her father visited N. Korea in Jan: “Go to N. Korea if you can. It is very, very strange.”
Need to use internet in North Korea? A USB modem and SIM card will cost 75 euro and 150 euro respectively, and that’s without data charges.
LONDON, Dec 13 (Reuters) – What if 3 percent is the new 8
Institutional investors such as pension funds have typically
built in return assumptions of 8 percent a year – a rate some of
them have not achieved for more than a decade.
Faced with slower economic growth across the world, some are
cutting these long-term assumptions for the first time in a
quarter of a century, with potentially far-reaching implications
for pensioners, savers and asset managers.