Morgan Stanley wary of dealing with risky trading proposals-sugus

Morgan Stanley: cautious treatment of risky trading proposal to do more than the euro Sina fund exposure platform: letter Phi lags behind false propaganda, long-term performance is lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! Global foreign exchange September 14th hearing – Wednesday (September 14th) Morgan Stanley (Morgan Stanley) wrote that investors should be cautious in the near future, the euro and commodity currencies downward correction has not yet ended. Morningstar investment analysis company data show that the end of July the exchange traded fund holding emerging market bond asset management scale of 23%. If the exchange traded funds focus on liquidity, the impact of the largest inflows of capital related to the impact of the currency will be the most serious, such as the won, etc.. The situation is the opposite of the Indonesian rupee and the reason for the good performance. In the context of risk aversion dominated the market, it is necessary to do more euros. Industrial Bank and Bank of America analysts are not optimistic. The economic slowdown China exceeding all expectations including commodity or sign of a downturn again threaten the emerging corporate bond "correction", American analyst Anne · Milne earlier this month said in an email. The emerging company bond risk non payment rate climbed to more than 4% of corporate debt is further raised, especially in Brazil and Turkey, the company Chinese, investors are vulnerable to withdrawal of funds in emerging markets, the bank for International Settlements said in a August report, non financial enterprises in 2015 to sell bonds from less than 60% in developing countries increased in 2006 gross domestic product (GDP) 110%. According to Bank of America Merrill Lynch Global data show that since 2010 the high-yield emerging market corporate bond default rate exceeded 4% for the first time. Morgan Stanley warned that the euro bulls should learn to operate in a low risk environment. Taking into account the potential political risks in Italy and France, the bank analysts believe that even if the future prospects of the euro area is still not stable, safe haven demand will also bring support for the euro. The euro zone assets held by foreign investors for the two time in 2010 and 201112, a sharp decline, mainly by the European central bank governor Delaki’s negative interest rate speech. But on the other hand, the euro zone’s investment institutions are also reducing foreign exchange positions, in order to reduce volatility risk, and to strengthen the weak balance sheet. Therefore, due to the recent performance of the current account, the euro will be re orientation due to changes in business activities. Morgan Stanley analysts said the hope that the upcoming Euro Zone bonds can increase the downward pressure on the euro, but it seems that the liquidity problem is not enough to trigger a sharp decline. Even more interesting is that the central bank’s bond holdings will increase the amount of additional repayment related liquidity. Morgan Stanley recommended to keep the euro, especially to do more Euro yen and euro dollar. Editor: Wang V into the Sina financial stocks] discussion相关的主题文章: