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Bailey McCann, Opalesque New York: One of the biggest themes emerging at SALT is investing with a global mindset. Panelists throughout the afternoon encouraged investors to consider Europe as well as emerging markets as sources of yield.
At a lunch presentation that replicated much of his presentation from the Sohn Conference earlier this month, DoubleLine's Jeffery Gundlach in holographic form told the audience that investors should consider "peeling off" some of their US equities exposure and putting those dollars toward the global growth story.
His views were echoed by Reade Griffith of Polygon who said that investors pivot to Europe and emerging markets has been happening steadily over the past few years as valuations in the US have crept up. "This is the second year I've been at this conference talking about Europe, before that you wouldn't have me because no one wanted to hear about it," he said from the stage during a panel focused on identifying the next big trading opportunities in the market.
Managers throughout the conference touched on several opportunities in European credit including non-performing loans, RMBS and CMBS on the continent.
In a panel earlier in the day, Marathon's Bruce Richards noted that investors looking at Europe now have reason to view the continent as stable once again - "Europe has been the most uncertain region. That's all put to rest right now," he said. All of a sudden we have stability in France, in...................... To view our full article Click here
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