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China’s abandonment of its zero-Covid policy is a positive economic development both for China and for the rest of the world. It is no surprise then, that the Hang Seng Index is up 15% versus a flat MSCI ACWI since December 7, 2022, the day of the de facto end to this policy .
A simple rule-of thumb for investors and savers.
The New Year got underway with the usual smattering of asset manager outlook presentations. In fact, over the first five weeks of 2023 this writer attended a handful of webinars in which all and sundry shared their views on asset allocations; developed versus emerging markets; and offshore versus onshore to name a few. There were also countless discussions about inflation and interest rates and the possibility of global recession.
The strongest deterrent against FSP compliance missteps is or should be: