Investors advised to ignore US noise
A US default seems not to have been priced in by Asian investors, despite the current government shutdown. Whatever else happens, QE tapering seems likely to be postponed.
As the US government shutdown entered its second week, Asian asset owners and fund managers are eyeing the country, and their portfolios, cautiously. But economists, fund managers and analysts maintain that investors should retain their long-term views and ignore the noise from Washington.
A number of private banks advise their clients to maintain exposure to the US. Michael Ryan, head of wealth management research at UBS in New York, urges clients to “look beyond the current DC-i…
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