FSM Seminar: What and Where To Invest 2011
Speakers at our What and Where To Invest 2011 seminar share their views for 2011
- Albert Tse, Schroders Investment Management, believes Asia and Emerging Markets will face inflation as a key risk and the primary driver of performance will be the attractive valuations globally, specifically US equities, and commodity exporters.
- Jenny Tan, J.P. Morgan Asset Management, sees Singaporeâs growth moderate, driven by tourism and financial services. To head off inflation, she sees SGD strength continue, and this will attract foreign investment.
- Bob Arends, Henderson Global Investors, sees rising interest rates, and this will support returns from currency strategies. He sounds a note of caution on the USD 75 billion into emerging market debt funds in 2010, and if interest rates go up, this will impact the return of EM debt. He is bullish on currencies of commodity producing countries.
- Adrian Lim, Aberdeen Asset Management, is looking at domestic consumption to perform in 2011 and exporters to face more risk. Inflation is a risk in 2011, and similarly, policy responses to inflation are an additional risk, as inflation is often politicized and governments need to provide solutions that are effective yet unpopular.
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