re Asia as contrarian bet. Here something from Worth mag.
worth.com
"Anyone looking for the next big market moves has got to look
overseas," says Michael Landry, president of Ivy Mackenzie,
international investment specialists in Boca Raton, Florida. On
that point, at least, the dozens of money managers, financial
strategists, economists, and analysts in the United States,
Europe, Latin America, Asia, and Africa interviewed for this
story were in agreement. Not one of them said the U.S. would
deliver the world's highest total returns over the next one to three
years, if only because overseas markets have so much more
headroom. "
So of course to me, the contrarian bet is to bet on USA.
I am not saying an investment in Asia CEFs won't work out very well, and I'm not saying the US will be better or worse. I'm just saying, betting on Asia is what I think consensus of USA Asia "experts" are advising. |
