Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hard assets and international equities will save portfolios in year ahead, according to Legg Mason subsidiary Royce & Associates

Monday, March 19, 2012

Beverly Chandler, Opalesque London:

The director of international research at Royce & Associates, a subsidiary of global asset management firm, Legg Mason, with assets under management of $627 billion, has predicted that equities will come 'storming back’ through 2012.

David Nadel, Manager of the Legg Mason Royce Global Smaller Companies Fund and Director of International Research at Legg Mason subsidiary Royce & Associates, which has $31bn of assets under management, believes international equities, particularly emerging markets, are set for an impressive recovery in 2012.

International Equities

"Broadly speaking, I’ve entered 2012 more bullish on international equities, at least those of the high quality companies in which Royce looks to invest. I’m particularly bullish about emerging markets: they have generated three-quarters of real GDP growth over the last decade and are positioned to lead" he said. "In 2011, we saw massive underperformance by the international markets versus the U.S. On the back of this cataclysmic underperformance, I think 2012 will be the year international equities storm back, while U.S. equities could take a breather from their perch as the 'safe haven.’"

Nadel believes that American ingenuity offers one source of optimism. "No country on the planet is as stubbornly optimistic, and has such a strong ability to reinvent itself to survive a crisis. I think the better U.S. smaller companies will continue to be the models for......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n