logging in or signing up Q4 2010 huckle Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 173 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: October 11, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Strategic Investment OverviewQ4 2010 : Strategic Investment OverviewQ4 2010 The Fear Index : The Fear Index The Fear Index now : The Fear Index now A Brighter World Since Last Quarter : A Brighter World Since Last Quarter Asian stocks hit two-year high S&P best month in a decade 3. VIX (Fear Index) Slide 5: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging + 2% + 9% + 13% + 17% Slide 6: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit + 2% + 9% + 11% + 13% + 17% + 9% Slide 7: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 13% + 17% + 9% + 1% Slide 8: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 3% + 13% + 17% + 9% + 1% + 14% Commodities & Energy Slide 9: All Four Prongs Working Asset Class YTD return Average Fund Return YTD Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 3% + 8% + 12% + 7% - 1% + 5% Commodities & Energy Understanding The Dynamics : Understanding The Dynamics Global Growth – where it’s coming from Inflation/ Deflation/ Reflation 3. Currencies, currencies, currencies Global Growth: Where it’s coming from : Global Growth: Where it’s coming from The world in two parts: Developed economies Emerging economies Global Growth (GDP%): Where it’s coming from : Global Growth (GDP%): Where it’s coming from Quantitative Easing has worked: Promoted strong growth in Emerging economies Emerging Economies doing well and moving ahead Global Growth (GDP%): Where it’s coming from : Global Growth (GDP%): Where it’s coming from China India Emerging Economies 10.5% 9.7% 7.1% Shift in the Economic Centre of Gravity : Shift in the Economic Centre of Gravity Strong China Growth Drives strong Asia Growth Drives Commodity producers supplying Asia Drives Domestic growth Imports Western goods/ services Slide 15: Shift in the Economic Centre of Gravity Slide 16: 2030: China will ADD more city dwellers than the size of the US population India’s share of global GDP already bigger than UK’s In 12 years India and China economy’s will be 60% of US Shift in the Economic Centre of Gravity Shift in the Economic Centre of Gravity : Healthy export market Low interest rates Attractive valuations Shift in the Economic Centre of Gravity Inflation/ Deflation/ Reflation : Emerging Markets Inflation = 5.9% India Inflation = 8.5% Clear Western policy changes Inflation/ Deflation/ Reflation Currencies, Currencies, Currencies : Shift in the Economic Centre of gravity Currencies, Currencies, Currencies Currencies, Currencies, Currencies : Increases exports Currencies, Currencies, Currencies A Weak Currency: Reduces real cost of deficits Promotes GDP growth Allowing economic restructuring Promotes new growth areas Currencies, Currencies, Currencies : Developed Market currencies need to weaken Emerging Market currencies need to strengthen Currencies, Currencies, Currencies Necessary and Unavoidable Currencies, Currencies, Currencies : Gradual change to currency strengths China’s massive Foreign Reserves Currencies, Currencies, Currencies Slide 23: All Four Prongs Working Portfolio Over/ Under weight USD EURO £ - - 5% - 2% + 4% - 40% - 15% 0% + 400% EM Currencies Global Weighting + 62% + 27% + 4% + 7% Portfolio Over/ Under weight YTD Change Against USD The Decision Quadrant : The Decision Quadrant Long Term Long Term Short Term Short Term Buy now Accumulate Avoid Reduce / DCA High Conviction: : High Conviction: Rational basis for positioning with conviction Then living with the short term volatility EM Equity markets Credit markets Inflation Defense Protect with Hedge A Brighter World : A Brighter World You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Q4 2010 huckle Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 173 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: October 11, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Strategic Investment OverviewQ4 2010 : Strategic Investment OverviewQ4 2010 The Fear Index : The Fear Index The Fear Index now : The Fear Index now A Brighter World Since Last Quarter : A Brighter World Since Last Quarter Asian stocks hit two-year high S&P best month in a decade 3. VIX (Fear Index) Slide 5: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging + 2% + 9% + 13% + 17% Slide 6: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit + 2% + 9% + 11% + 13% + 17% + 9% Slide 7: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 13% + 17% + 9% + 1% Slide 8: All Four Prongs Working Asset Class YTD return Gain since Last Quarter Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 3% + 13% + 17% + 9% + 1% + 14% Commodities & Energy Slide 9: All Four Prongs Working Asset Class YTD return Average Fund Return YTD Equity: Developed Equity: Emerging Credit Hedge + 2% + 9% + 11% + 0% + 3% + 8% + 12% + 7% - 1% + 5% Commodities & Energy Understanding The Dynamics : Understanding The Dynamics Global Growth – where it’s coming from Inflation/ Deflation/ Reflation 3. Currencies, currencies, currencies Global Growth: Where it’s coming from : Global Growth: Where it’s coming from The world in two parts: Developed economies Emerging economies Global Growth (GDP%): Where it’s coming from : Global Growth (GDP%): Where it’s coming from Quantitative Easing has worked: Promoted strong growth in Emerging economies Emerging Economies doing well and moving ahead Global Growth (GDP%): Where it’s coming from : Global Growth (GDP%): Where it’s coming from China India Emerging Economies 10.5% 9.7% 7.1% Shift in the Economic Centre of Gravity : Shift in the Economic Centre of Gravity Strong China Growth Drives strong Asia Growth Drives Commodity producers supplying Asia Drives Domestic growth Imports Western goods/ services Slide 15: Shift in the Economic Centre of Gravity Slide 16: 2030: China will ADD more city dwellers than the size of the US population India’s share of global GDP already bigger than UK’s In 12 years India and China economy’s will be 60% of US Shift in the Economic Centre of Gravity Shift in the Economic Centre of Gravity : Healthy export market Low interest rates Attractive valuations Shift in the Economic Centre of Gravity Inflation/ Deflation/ Reflation : Emerging Markets Inflation = 5.9% India Inflation = 8.5% Clear Western policy changes Inflation/ Deflation/ Reflation Currencies, Currencies, Currencies : Shift in the Economic Centre of gravity Currencies, Currencies, Currencies Currencies, Currencies, Currencies : Increases exports Currencies, Currencies, Currencies A Weak Currency: Reduces real cost of deficits Promotes GDP growth Allowing economic restructuring Promotes new growth areas Currencies, Currencies, Currencies : Developed Market currencies need to weaken Emerging Market currencies need to strengthen Currencies, Currencies, Currencies Necessary and Unavoidable Currencies, Currencies, Currencies : Gradual change to currency strengths China’s massive Foreign Reserves Currencies, Currencies, Currencies Slide 23: All Four Prongs Working Portfolio Over/ Under weight USD EURO £ - - 5% - 2% + 4% - 40% - 15% 0% + 400% EM Currencies Global Weighting + 62% + 27% + 4% + 7% Portfolio Over/ Under weight YTD Change Against USD The Decision Quadrant : The Decision Quadrant Long Term Long Term Short Term Short Term Buy now Accumulate Avoid Reduce / DCA High Conviction: : High Conviction: Rational basis for positioning with conviction Then living with the short term volatility EM Equity markets Credit markets Inflation Defense Protect with Hedge A Brighter World : A Brighter World