International Investment “Money & More”
To help readers understand international investments even more, Thomas Fischer at Jyske Global Asset Management (JGAM) sends out a periodical Money & More missive to our readers. Here is money-and-more-august-2009
Here is Thomas Fischer teaching at one of our International Investing and Business Seminars (IBEZ).
Also if you missed Sunday’s announcement about Jyske TV, see Jyske TV for North Americans here.
Currently JGAM does not see inflation in the foreseeable future. They believe there are long term concerns of future inflation created by present fiscal and monetary stimulus. However, they state, “these concerns do not belong to the economic situation we are in today.”
JGAM portfolios are underweight in the US dollar as they expect the greenback to be in a long term downtrend against other major currencies.
The JGAM portfolios have neutral position on bonds and they favor high-quality corporate bonds because of attractive yield spreads against government bonds.
JGAM portfolios have an underweight position in equities, but they are ready to increase equity exposure, maybe late summer or autumn.
Their portfolios are overweight in alternatives, including gold to hedge against an increase in risk aversion and to take advantage of safe haven movements in the market.
JGAM is ready to increase exposure in commodities when they think the present price correction is over with and they stay with a small overweight in cash.
The most profitable of the Jyske portfolios is their low risk portfolio with a one times leverage (100% loan) and they are keeping their loans in Swiss francs and US dollars at this time. They are keeping their leverage below maximum levels as they maintain a cautious investment strategy.
The leveraged low risk portfolio rose 11.4% in the first six month of 2009 and JGAM expects this bond dominated portfolio to continue to do well in the next six months. However JGAM emphasizes that
this leveraged portfolio is only suitable for investors with at least a medium risk profile.
For example the Low Risk portfolio currently has 80% in bonds denominated in US dollars, British pounds, euro, Danish kroner and Australian dollars.
9.32% is in equities denominated in Swiss francs and euro
Gold ETFs represents 4.48% of the portfolio.
6% of the portfolio is in cash.
Learn more from Thomas Fischer at email@example.com
There are many international investment fundamentals beyond our control. However if we use good economic research, balanced investment fundamentals and a sound, conservative investment manager, plus keep an open mind to outside the box thoughts, our savings and wealth should grow long term.
Learn more at our Multi Currency Portfolios course.
Join Merri, Thomas Fischer of JGAM, our webmaster David Cross and me in North Carolina this October and enroll in our emailed course on how to have a web business free. Save $300.
Learn more about global investing, how to have an international business and diversification in Ecuador at the seminar.
Oct. 9-11 IBEZ North Carolina
Here is an email for a recent seminar delegate: Hello Gary and Merri, I have wanted to write to tell you how much we enjoyed your IBEZ seminar, and to thank you both for inviting us all into your lovely home for lunch last Sunday. Merri, again, thank you for taking the time to prepare foods especially for me; they were delicious, and I appreciate your effort! Thank you for a thoroughly enjoyable, very well done, stimulating seminar. I came away not only with all the notes provided, but also with many ideas which I plan to begin working on now that we are back home. Wishing you all the best,
Or join us in Ecuador and learn more about living and retiring in Ecuador.
We take delegates on our Ecuador seminars to Otavalo markets. Many buy enough goods to resell in North America to pay for their entire trip. These woolen and mixed scarves are one of the most popular items.
Oct. 21-24 Ecuador Import Export Tour
Attend any two Ecuador seminar or tours in a calendar month…$949 for one. $1,349 for two.
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two.
See more on International Investing Variables here.