Quantcast
Channel: COMIXT » Facebook
Viewing all articles
Browse latest Browse all 3

Leon’s Musings – no surprise – social disorder – offshore investment

0
0

No surprise

There were no surprises in HSBC’s latest Fund Managers’ Survey which showed global fund managers are shying away from equities in favour of bonds and cash.  However more telling was probably actual numbers which showed only 30% maintained a positive view on equities compared to 63% the previous quarter and that 50% of managers are taking an underweight view, up from 25%.  On the flip side, 22% are bullish on bonds, up from 0% – so I guess therein lies one reason why US Treasuries continue to be bought despite the US woes. These numbers do not bode well for equity volumes in 2012 and perhaps that is one reason a lot of fund managers have already taken off on holidays?

Social disorder

Whether you’re a devotee of social networks or not, you’ll have to agree they are uprooting much of the etiquette we have become used to in both our private and work lives. We have often heard about employers spotting employees on Facebook taking sickies or posting career-ending derogatory remarks but now the latest fad appears to ‘cyber sucking up’. That is, using social media sites, for example, to brown-nose one’s senior colleagues and this can include such things as posting favourable comments and clicking the ’like’ button on Facebook. Not sure this a good idea but one thing is certain – it is a time-waster.

Offshore investment

Interesting to note that almost 47% of KiwiSaver funds and 65.5% of non KiwiSaver NZ superannuation funds are invested offshore (probably mostly in Australia though) compared to 14.9% of Australian superannuation funds. These numbers actually do not surprise me as from my visits to NZ to this year I find NZ companies much more open to new ideas and expanding overseas than Australian companies. I guess the size of the market has made this inevitable but it is refreshing to see.


Filed under: equities, fixed interest, fund managers, Leon's Musings, markets Tagged: Facebook, HSBC@, KiwiSaver@, US

Viewing all articles
Browse latest Browse all 3

Latest Images

Trending Articles





Latest Images