Dear %%first_name%%,
Overnight the US Fed might have said that rates would stay where they are for a “considerable time” but the median federal funds rate projections from the members of the Federal Open Market Committee is edging up.
So it might be later than some thought, but the Fed will eventually start raising rates and, as Charlie says today, you need to be positioned ahead of the fact. That means finding exposure to US dollar assets. If Charlie is right, it also means an end to the yield trade, and you need to start thinking about whether or not yield at any price is worth it.
Also in the Switzer Super Report today, we take a look at the US IPO that everybody’s talking about – the Alibaba listing tomorrow. K2 Asset Management head of international equities, Nick Griffin, explains what they like about it in Fundie’s Favourite.
And keeping up the international flavour in Short n’ Sweet, we look at some of the ways you can get global exposure. Tony Negline explains why you might want to start a pension before the end of the year, in Buy, Sell, Hold – what the brokers say, AGL Energy and CSR get upgrades, and in our Questions of the Week we look at Telstra, Challenger and Invocare.
Sincerely,
Peter Switzer