Institutional Investor (March 18)
“Market sentiment today hinges almost entirely on the Federal Open Market Committee’s announcement this afternoon. The anticipation of any change in wording to policy means investors are again ready to rethink what a new market reality may look liked as the process of policy normalization begins.”
Tags: Announcement, Anticipation, FOMC, Investors, Market, Normalization, Policy, Sentiment
Wall Street Journal (December 11)
“China’s market may have a massive capitalization on paper but the small float of tradable shares means that it is easily manipulated. Retail investors are often sucked in and then burned.”
Tags: Capitalization, China, Float, Investors, Manipulated, Market, Tradable shares
Bloomberg (October 23)
“It’s easy to see why Prime Minister Shinzo Abe wants Japan’s $1.2 trillion government pension fund to start buying more stocks…. But attempts to game the stock market have failed to revive Japan in the past and are doomed to failure again, unless Abe puts more effort into the harder work of real reform.”
Tags: Abe, Failure, Government, Japan, Market, Pension fund, Reform, Stocks
Institutional Investor (September 21)
The California Public Employees Retirement System (CalPERS) “will sell its entire book of hedge funds, including 24 direct interests and another six hedge-fund–of-fund stakes.” This could signal a sea change as other pension funds reevaluate the effectiveness of hedge funds, which have mushroomed to $3 trillion. “Last year on average, hedge funds returned 9 percent, which was 23.4 percentage points less than public market returns.”
Tags: CalPERs, Effectiveness, Hedge funds, Market, Pension funds, Reevaluate, Return
Euromoney (September Issue)
“The recovery of the global real estate market from the devastating toll inflicted by the financial crisis is continuing to gather pace, with investment almost back to 2008 levels and growing confidence fueling increased risk appetite.”
Bloomberg (August 10)
The Bank of Japan has refrained from additional monetary stimulus; an apparent acknowledgement that “pumping more money into the economy won’t end Japan’s deflation. Falling prices are as much about the aging population as anything else, and only structural change can arrest the trend.” Fortunately, the economy might just be driven by “a new breed of Japanese companies going overseas as the domestic market shrinks.”
Tags: Aging population, BOJ, Deflation, Economy, Japan, Market, Monetary stimulus, Overseas, Prices, Structural change
The Economist (July 26)
“ONE trillion dollars. That may be the cost to Russian investors of Vladimir Putin’s rule…. The calculation stems from the fact that investors regard Russian assets with suspicion. As a result, Russian stocks trade on a huge discount to much of the rest of the world, with an average price-earnings ratio (p/e) of just 5.2. At present, the Russian market has a total value of $735 billion. If it traded on the same p/e as the average emerging market (12.5), it would be worth around $1.77 trillion.”
Tags: Assets, Cost, Discount, Emerging market, Investors, Market, P/E, Putin, Russia, Suspicion, Trillion
Euromoney (May Issue)
“Dollar-denominated debt capital market volume in Asia reached almost $27 billion in April, the highest monthly volume on record…. These record volumes underline the fact that global investors remain keenly focused on Asia, despite continuing worries about a slowdown in China and India.”
Tags: Asia, Capital, China, DCM, Debt, Dollar, Global, India, Investors, Market, Record, Slowdown, Volume, Worries
Wall Street Journal (May 9)
“Driven by a surge in international interest, total commercial property transactions in Tokyo jumped 71% to $10.1 billion from the same period last year, leaping above New York and London.” Tokyo’s commercial real estate market was the largest in the world during the first quarter of 2014. This marked “the first time the Japanese capital has topped an ongoing survey of the world’s major cities launched a decade ago.”
Tags: Commercial property, Japan、New York, London, Market, Real estate, Surge, Tokyo, Transactions
Bloomberg (December 27, 2013)
Medical implants have cleared another hurdle with a successful surgery to implant “an artificial heart that is expected to last five years.” The new heart was developed by the French startup Carmat. “Europe often leads the U.S. in bringing replacement body parts to the market — not because its researchers have much of an edge but because its health-care regulations are less cumbersome.”
Tags: Artificial heart, Carmat, Europe, France, Health care, Implant, Market, Regulations, Replacement body parts, Researchers, Surgery, U.S.
