Morgan Stanley: EM local bonds FX hedged returned 12% ’12, Sharpe ratio 5. Optimal allocation to EM is 20-40%.EM local mkt key in 2013
You can also buy photographic art with your lunch sandwich. Avg price: £200
Wow. There’s a hair/beauty salon, bureau de exchange and dry cleaners here at the staff canteen
LONDON (Reuters) – Global investors raised their equity holdings to a 10-month high this month as a healing world economy saw portfolios rotate further out bonds, but cash levels also rose, for the first time since May.
In a monthly Reuters poll of 52 leading investment houses in the United States, Europe and Japan, funds on aggregate held 52.2 percent of their investments in equities, the highest since April and up from 52.1 last month. But this marginal rise slowed sharply from the biggest monthly jump in the survey’s history in January, of more than two percentage points.