Sunday, March 22, 2015
Sovereign Funds will rather reduce their Positions in US Treasuries & Equities
“I think that most sovereign wealth funds will have significantly lower inflow in the next few years, than they had between 2007 and 2014, when their assets essentially doubled from around $3 trillion to over $7 trillion. But, I don’t believe there will be a huge selling pressure from sovereign funds,” said Faber. “In fact, my impression would be that sovereign funds will rather reduce their positions in US treasuries and US equities because that’s where they are overweight. They are not overweight really in emerging markets.” - Marc Faber said in a recent Bloomberg interview
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki