Guy Monson, CIO and Managing Partner of London-based Sarasin and Partners, has just published a webcast of his global strategy for Q2 2010 as included in this post. He deals with the topic comprehensivly and it is worthwhile viewing material.
Monson said: “We seem to be in an ‘upside-down’ world where accelerating production, improved trade balances, non-existent inflationary pressures and staggering increases in corporate productivity in the staid economies of the G7 feel more like the ‘Tiger Economies’ of emerging Asia.
“By contrast, rising inflation, soaring labor costs and central banks reluctant to tighten policy or allow currency appreciation in the emerging world feel rather too much like the problems western economies have normally faced in an economic rebound.
“Over the coming year, as this ‘reversal of fortune’ flows through markets, our strategy continues to emphasize currency and short-dated bonds in the emerging world and large global growth stocks (along the ‘Nifty Fifty’ theme we profiled before) in Western developed markets.”
Click here or on the image below to view the webcast.
Source: Sarasin & Partners – Global Strategy, April 1, 2010.
