Investors would be wise not to expect miracles out of Europe anytime soon, said Axel Weber, chairman of the board at UBS Bank.
Bonds come in all shapes and sizes – for example, there are government bonds, investment-grade corporate bonds, high-yield bonds and emerging-market bonds.
At a recent Schroders Investment Conference in London, over 120 intermediary clients attended from Europe, the Middle East, the US and Latin America.
After all, statistics can be spun in any way we wish. However, the GDP figures that are so prominently in most economic statements from politicians seem to be one of the least efficient and reliable to be measuring the state of the economy.
Vince Cable’s reference to tax havens as ‘sunny places for shady people’ at the Lib Dem’s conference, hits upon one of the hotly debated tax issues of the year. Monaco has been in the press a great deal over the past week – m
Lord Fink is director of investment firm ISAM, based in the Cayman Islands, a British overseas territory in the Caribbean.