Investment bank Merrill Lynch in its November fund managers survey report shows that because of the China government's economic stimulus policies, the China stock market in the Asia and emerging market area was most preferred by investors.
Merrill Lynch did the survey from 7 November to 12 November. 180 fund managers managing assets of value up to 536 billion USD were involved in the global survey. 149 fund managers managing assets of value up to 334 billion USD were involved in the Asia and emerging market survey.
China is Asia's only country seen as benefiting from policy stimulus and oil price dropping says Michael Hartnett, Chief Global Emerging Markets Equity Strategist at Merrill Lynch.
In the BRIC (Brazil, Russia, India & China) stock markets, 47% of the fund managers says that in the coming 1 year, the top investment pick is China stock market. The ratio was much higher than the October survey result of 13%
Showing posts with label Merrill Lynch. Show all posts
Showing posts with label Merrill Lynch. Show all posts
Friday, November 21, 2008
Tuesday, November 11, 2008
Merrill Lynch may sell 4 billion USD worth of non-performing assets
Merrill Lynch may have plans to sell about 4 billion USD worth of non-performing bonds including mortgages, CDOs and other structured products, The Wall Street Journal quoted from sources.
As the CDO market has dried up about a year ago, such assets are now hard to gauge their value.
In July this year, ML originally planned to sell 30.6 billion USD worth of CDO for 6.7 billion USD to privately operated Lone Star which let a lot of peole think that ML has gotten rid of most of its non-performing assets.
The global economic downturn let a lot of investors face the danger of depreciation of their assets value. Under such circumstances, ML joined the banks, hedge funds and other big investors in looking for buyers to buy up their hard to sell assets.
Investors need to reduce the loan amount which is being used for investments, the reason being more and more of such non-performing assets going on the market for sale. In the last 3 weeks, the amount waiting to sell in the Euro and US market have exceeded 12 billion USD.
Sources said that ML is trying to sell its non-performing assets by the end of the year. ML has send out documents to various possible buyers stating that it may sell part of its bonds starting from this week.
As the CDO market has dried up about a year ago, such assets are now hard to gauge their value.
In July this year, ML originally planned to sell 30.6 billion USD worth of CDO for 6.7 billion USD to privately operated Lone Star which let a lot of peole think that ML has gotten rid of most of its non-performing assets.
The global economic downturn let a lot of investors face the danger of depreciation of their assets value. Under such circumstances, ML joined the banks, hedge funds and other big investors in looking for buyers to buy up their hard to sell assets.
Investors need to reduce the loan amount which is being used for investments, the reason being more and more of such non-performing assets going on the market for sale. In the last 3 weeks, the amount waiting to sell in the Euro and US market have exceeded 12 billion USD.
Sources said that ML is trying to sell its non-performing assets by the end of the year. ML has send out documents to various possible buyers stating that it may sell part of its bonds starting from this week.
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