J.P.Morgan Asset Management: WorldView 3Q 2013
http://www.fundsupermart.com.hk/hk/main/re...?articleNo=7140Conclusion: Opportunities in distorted markets
Most of all, however, global investorsshould recognize how global central banks have distorted the investment environment
by pushing both short-term and long-term interestrates to very unattractive levels. A popular view, particularly since the financial
crisis, is that global financial markets are somehow “fixed” against the average individual,
making it hard for them to succeed
in long-term balanced investing. Ironically, in 2013, central banks appear to have fixed the game from the otherside, making it
exceedingly hard for anyone hoarding cash to beat a balanced portfolio. Even as long-term interestrates rise, this should
remain the case over the next few years, underlining the importance of taking advantage of investment opportunities in a
world of more balance.
What is the meaning of this conclusion?? in laymen term?
This post has been edited by yklooi: Sep 10 2013, 06:07 PM