Tom Elliott From Komfie Manalo, Opalesque Asia:
In an interview with Sona Blessing on Opalesque Radio, Tom Elliott, a global strategist within the Investment Marketing Team at J.P. Morgan Asset Management and responsible for investment communications through the Guide to the Markets suite of products, identified investment opportunities and the headwinds that could lead to underperformance.
According to Elliott, "The headwinds can come from a number of sources: the euro crisis could flare up again. Cypriot banks are down by about 10 billion euro so that needs to be worked out. As we move towards a banking union and there is more and more nervousness about the implications of that. Are north European tax payers, really going to want to be on the line to bail out every little bank that is badly run in the Eurozone? So the Eurozone could throw up some nasty surprises." He also cautions against a possible political problem in the U.S. where there actually shouldnt be one. Then he cites the Middle East with various conflicts going on there. So he says, "He can see areas of potential shocks."
When asked where within emerging markets and within the U.S. equity space specifically, he has spotted investment opportunities? Elliott answered, "Within emerging markets, Latin America is probably our preferred market at the moment. In that we are looking particularly at consumer stocks.......................
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