Yen to stay still despite Japan’s FX intervention September 28, 2010 EXPECTATIONS of further Japanese stimulus are high. Many believe that the Bank of Japan (BoJ) will decide to pump $55bn into the flagging economy next week. Those looking to the Bank’s meeting for a shake up in the dollar and euro against the yen are likely to be left wanting. Firstly, traders should not be [...]
THE TIPSTER September 28, 2010 THERE has been a slew of good news for sterling: the UK’s second quarter GDP growth rate posted a nine-year-high and retail sales figures have bounded higher too. The pound could finally be back in reach of the big $1.6000 level, which hasn’t been seen sensibly since January. The current IG Index price on cable [...]
FOREX ANALYST PICKS September 28, 2010 FOREX STRATEGIST JOEL KRUGER My pick: Buy dollar-Swiss franc at SFr0.9885 Expertise: Classic technical analysis Average time frame of trades: 1 week-6 months Setbacks have finally stalled out ahead of the critical record lows from 2008 by SFr0.9645, with the market finding a bottom in the SFr0.9700s ahead of the latest minor bounce. Short-term and [...]
The African consumer will drive growth beyond mining September 28, 2010 THE time of Africa is coming,” says Renaissance Asset Managers’ Plamen Monovski. His firm has just launched two new equity funds that give access to African stocks (one pan-African, one sub-Saharan) and to say he is bullish on the continent would be an understatement. He argues that with stock so cheap and foreign direct investment [...]
FUND MANAGEMENT NEWS September 28, 2010 PICTET LAUNCHES LONG-SHORT ASIA FUND Pictet funds, the fund distribution arm of private Swiss bank Pictet & Cie, has launched a long-short UCITS III-compliant Asia fund. It will be managed be Lan Wang Simond and seeks to capture Chinese growth while minimising losses during periods of high volatility and reducing correlation to the broader market. [...]
AFRICAN EQUITY FUNDS September 28, 2010 NEPTUNE AFRICA FUND Launched less than a month ago, this open-ended offering from Neptune Investment Management is managed by South Africa-based Shelley Kuhn. It aims to generate capital growth by investing mainly in companies in Africa or companies transacting a significant proportion of their business on the African continent; it will comprise up to 50 [...]
LLPs are not as safe as you might think September 28, 2010 THE LIMITED Liability Partnership vehicle is now a decade old, but its uptake has reportedly surged amid economic hard times. Members of insolvent LLPs are certainly better off than their counterparts in insolvent partnerships, who must routinely dig into their own pockets to meet creditors’ claims. This summer, though, saw the first high-profile collapse of [...]
Banking regulations won’t bring stability September 28, 2010 THE BASEL III reforms have now been formally endorsed by the Group of Governors and Heads of Supervision of the G20 countries. The aim is for the proposals to be agreed in November 2010 and to take effect from 1 January 2013 – albeit with long transitional periods. Under the reforms, banks will now need [...]
Fast & furious September 28, 2010 IT’S ALWAYS a little strange when you get the impression you’re driving a Ferrari when you’re really hitting 40mph in a small hatchback. Powering along the north Kent coast in the Fabia vRS, towards a particularly excellent gastro pub, the car shrieked and howled so loudly you’d think there was a V12 under the bonnet. [...]
CAR TALK September 28, 2010 FERRARI SLEEKEST YET This is Ferrari’s strictly limited edition (pre sold-out) SA Aperta – to be launched at the Paris Motor Show. Ferrari will build only 80 SA Apertas in homage to Italian design house Pininfarina, which is 80 this year. The V12-powered roadster sits lower to the ground than other Ferrari models and has [...]
