Correspondent, London
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Dec 17, 2013
Dec 17, 2013

Investors avoid EM, commodities, yen on bullish dollar view: BofA poll

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.

Dec 13, 2013
Dec 13, 2013
Dec 13, 2013
Dec 13, 2013
Dec 13, 2013
Dec 13, 2013

Facing new reality, funds assume lower returns

LONDON, Dec 13 (Reuters) – What if 3 percent is the new 8
percent?

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.

Dec 11, 2013
Dec 11, 2013
    • About Natsuko

      "Since joining Reuters as a graduate trainee in 2000, Natsuko has reported on issues surrounding global financial markets, monetary policy and central banking from Tokyo, Singapore, London, Paris, Madrid, Davos, Dubai, Moscow and Istanbul. She won the Reuters best scoop of the year in 2007 for a story on China's foreign exchange reserves policy and was also given State Street\'s best journalist of the year award in the same year. Currently based in London, she covers global investment issues and sovereign wealth funds on the Investment Strategy Desk."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, French
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