Gezeitenwende: Merrill Lynch: "Raus aus USA+UK, rein in Emerging Markets" - 500 Beiträge pro Seite

[Informator]

Nun folgen und endlich die Global Leader im Investment Banking!! Die globale Reallokation von Kapital nimmt Form an, auf breiter Front, auf Boersen- und Empfehlungsebene!!!

Was wir derzeit sehen ist erst der Anfang! nun die bahnbrechende Merrill-Empfehlung:

Tuesday March 5, 11:10 pm Eastern Time

Merrill Cuts Exposure to U.S., UK Stocks

TOKYO (Reuters) - Merrill Lynch, citing signs of a global economic recovery, said it was cutting exposure to U.S. and UK equities while upgrading Japan and global emerging markets in its first change to its equity allocation in nearly a year.

``With the global recovery gathering momentum, we believe that now is the time to take a positive stance on the more cyclical equity markets around the world,`` the U.S. investment bank said in a report released in New York late on Tuesday.

Merrill raised exposure to emerging markets, now its most favored region, from neutral to overweight. In the past 10 months, the United States was its favorite equity market, it said.

As part of its first shift in global equity allocation since April 26, 2001, the U.S. market moves down to number three primarily due to concerns about valuations in the context of a pick-up in the global economic cycle, Merrill said.

It also raised exposure Japan`s equity market, which jumped to six-month highs this week, given historical data showing Japanese equities in dollar terms have traded like cyclicals.

Its survey of global fund managers also suggested institutional investors were aggressively underweight Japan. ``If the global recovery powers ahead, that will have to change,`` Merrill said.

But Merrill said it was skeptical about the medium-term outlook of Japanese equities as risks remained on valuations and due to the slow pace of structural reform.

[Informator]

hoere uebrigens gleiche Tendenz auch "verbal" unter Fonds-Managern, nicht nur in Asien.

halte NFS nach wie vor fuer billig.


Habe einen weiteren Bericht gelesen, dass Thailand`s SET-Praesident mit 50 (!!) IPOs in DIESEM JAHR rechnet. Halte das fuer hoch, aber die Welle rollt an. Dann profitiert NFS< wie bereits frueher, vom Emissionsgeschaeft.

Noch ein weiterer Aspekt: NFS ist eigentlich eine Investmentbank, dieses Geschaeft ist zyklisch, was in Thailand bedeutet, es war 1997-2001 nicht vorhanden. NFS kann nun zusaetzliche, in den analysen noch nicht enthaltene, weitere Einkommensquellen erschliessen. Man duerfte wieder an die alte Top-Player Rolle in diesme Segment anknuepfen koennen, da die meisten alten Konkurrenten 1997 untergegangen sind.

[Rhum56]

@Informator

Das ist ja echt fein zu hören

Wir bleiben daher noch ne ganze Weile dabei")

so long

[Informator]

Neuer Artikel, wesentliche Punkte:

- Jahreshoch insbes. durch mehr Auslaender, die in den Markt gehen
- Man erwartet bald, die 400-405 zu nehmen, allerdings gilt dieser Wert als charttechnische Schwelle, mit der vor weiterem Ausbruch angekaempft werden muss
- der BAHT steigt immer weiter! es wundert mich, dass die Thai-shares derzeit immer in Dland UNTER dem thai-Kurs gehandelt werden, gute Gelegenheit! NFS steht bei >47, aber nur zu 46 gehandelt.
- der von mir zitierte bahnbrechende Merrill Lynch-Artikel wird auch in dieser Reuters-Meldung als wichtig hervorgehoben, zieht also Kreise!

Bullish trend as foreign funds buy Thai shares.

The benchmark Stock Exchange of Thailand (SET)
looks set to test the magic 400 points again, the key level it last hit in April 2000, analysts say.
On Thursday, the composite index closed almost unchanged,
down 0.01 percent at 391.67 points, close to its year high,
while the blue-chip SET50 ended down 0.15 percent.
"The SET index decisively climbed back to 387 points and
this has helped reinstate the near-term bullish outlook," said
Namchai Techaratanawiroj, strategist at Phillip Securities.
"Investors should thrive on the near-term volatility to
challenge the next upside hurdle seen around 400-405 points."
The composite SET index, one of the best performers in
Asia, has risen almost 30 percent so far this year after a
12.88 percent gain last year.
The wave of capital flowing into the Thai bourse helped
strengthen the Thai baht to a new year high of 43.21 to the
dollar by 0120 GMT on Friday. The baht is now well above its
low-point of 45.87 per dollar seen in July last year.
Although a stronger baht eats into overseas profits of Thai
exporters, the baht`s gains have supported a rally in blue
chips.
Foreign investors have bought more than 18 billion baht
($416 million) net of Thai shares so far this year, against 8.8
billion baht net selling of Thai equities last year.
Merrill Lynch said in a recent report it had cut its
exposure to U.S. and British equities while upgrading Japan and
global emerging markets, including Thailand.