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A Strack Choice in the Markets: Buttonwood
Oleh:
The Economist
(Editor)
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 387 no. 8574 (Apr. 2008)
,
page 81.
Topik:
American Markets
;
Investor
;
Europe Markets
;
Dollar
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.48
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Owners of risky assets suffered agonies in the first three months of the year. Almost without execption, stock markets lost ground while the price of corporate debt feel sharply (or to put it another way, spreads widened). Only those who bought the unlikely combination of government bonds and commodties will be looking fondly at their portfolios. For dollar-based investors, it did not matter much what kind of equities they owned. The MSCI World Index was down 9.5% the American market 9.9%, Europe 9.2% and emerging markets 11.3%. The supposedly uncorellated tokyo market (it has tended to go down when others went up) decided to become correlated again at the least helpful moment, dropping 7.7% in dollars term. And even thoses numbers are flattered by decline of the greenback; in local currency, Japan was down 17.8% and Europe 16.2%.
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