Brazil rating increased. It is time to buy the Latin America Fund

What rating and when was it announced ?

The rally is probably over.

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原帖由 jackleunggg 於 2008-6-3 00:21 發表
Brazil rating increased. It is time to buy the Latin America Fund

Still OK. Russia too.

The news was from 6 May 2008

[ Last edited by  jackleunggg at 2008-6-7 10:28 ]

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原帖由 jackleunggg 於 2008-6-7 10:25 發表
The news was from 6 May 2008

Last edited by  jackleunggg at 2008-6-7 10:28 ]

So what?

金磚四國基金

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原帖由 soldaten 於 2008-6-8 17:51 發表
金磚四國基金

No, Russia only.

I am selling all my emerging market funds, and swithing to hedge fund.

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原帖由 b4321 於 2008-6-10 00:02 發表
I am selling all my emerging market funds, and swithing to hedge fund.

Hedging what?

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原帖由 soldaten 於 2008-6-8 09:51 發表
金磚四國基金

Some BRIC fund price already reached the level when HSI is 30000!

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原帖由 jackleunggg 於 2008-6-3 00:21 發表
Brazil rating increased. It is time to buy the Latin America Fund

Yes, absolutely but better bought it 3,4 yrs ago, now...fallin' the end.

Hedge all, like currencies, interest rate, metals, agriculture....

I don't think if US economy is going down, the emerging markets will be good.

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原帖由 peninsula 於 2008-6-10 20:45 發表

Hedging what?

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原帖由 b4321 於 2008-6-11 07:03 發表
Hedge all, like currencies, interest rate, metals, agriculture....

I don't think if US economy is going down, the emerging markets will be good.

all in relative terms

Hedge some mean to compensation for certain future rise or drop.

Hedge too much means speculate.

Anyway, my hedge fund returns me around 28% gain in last yr.

Buying Latin or emerging markets? No la. Better to buy the futures (currencies, crops etc) directly to avoid countries' political risk and the companies' management risk.

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原帖由 b4321 於 2008-6-11 15:03 發表
Hedge all, like currencies, interest rate, metals, agriculture....

I don't think if US economy is going down, the emerging markets will be good.

[ 本帖最後由 b4321 於 2008-6-11 16:38 編輯 ]

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原帖由 b4321 於 2008-6-11 16:35 發表
Hedge some mean to compensation for certain future rise or drop.
Hedge too much means speculate....

Where to buy? What products and entry requirements? From IB?

MAN AHL. I am buying it for quite many yrs, it's OK no matter market is up or down as it should has low corelation with stock maket. It's the easiest accessible hedge/future funds in HK.

I think if the signal is correct, its currency future portion should also automatically short the Vietnamese currency as well.

U can buy it thru some banks (but not major banks).

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原帖由 peninsula 於 2008-6-11 20:22 發表

Where to buy? What products and entry requirements? From IB?

But you need to buy huge amount of hedge fund, it is right?
Normal fund just use HK$10,000 in HSBC and HK$20,000 in Hang Seng Bank.

HS and HSBC (and some others well-known retail banks) are only for general public. I use them for general banking and ATM service only. Their operating cost is very high (like teller service, branch service etc), so the return of their products (like ELN, structured notes) is quite low to compensate for their cost.

Their prestige account services are not attractive but only good for jump-in-the-quene service.

Even for its PB, the offer for IPO is not as attractive as other foreign banks.

HK$10K or $20K is no use no matter having 20% gain or 50% gain in a yr.

For MAN AHL, the entry fee is around USD30K. Good for parking your money than boring bond funds in the downturn market.

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原帖由 jackleunggg 於 2008-6-11 21:46 發表
But you need to buy huge amount of hedge fund, it is right?
Normal fund just use HK$10,000 in HSBC and HK$20,000 in Hang Seng Bank.

[ 本帖最後由 b4321 於 2008-6-12 17:27 編輯 ]

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原帖由 b4321 於 2008-6-11 23:10 發表
HS and HSBC (and some others well-known retail banks) are only for general public. I use them for general banking and ATM service only. Their operating cost is very high (like teller service, branc ...

USD30K is acceptable for PB/IB. I currently park most of mine in AUD earning between 7.25% to 8.0% (at call) but accounts have to be in Australia, and must be Australian PR/citizen.

For interest earned in Aussie, one needs to pay 10% of the interest to the gov't for overseas address.
The interest rate in HSBC (Australia) is good, and also ING Direct.

I find Wing Hang Bank in HK is offering good AUD interest rate and no involve in Aussie tax.

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原帖由 peninsula 於 2008-6-12 19:30 發表

USD30K is acceptable for PB/IB. I currently park most of mine in AUD earning between 7.25% to 8.0% (at call) but accounts have to be in Australia, and must be Australian PR/citizen.

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原帖由 b4321 於 2008-6-12 19:48 發表
For interest earned in Aussie, one needs to pay 10% of the interest to the gov't for overseas address...

I use an Aussie address.

Then more complicated as u need to find an accountant in Aussie every yr to report for your local earning.

I hv been separating my HK assets and Australian asset for a long time. My tax file number is inactive.

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原帖由 peninsula 於 2008-6-12 20:35 發表

I use an Aussie address.

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原帖由 b4321 於 2008-6-12 21:15 發表
Then more complicated as u need to find an accountant in Aussie every yr to report for your local earning.
I hv been separating my HK assets and Australian asset for a long time. My tax file num ...

I have been "lucky" so far (already almost 20 years not living in Australia).

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原帖由 peninsula 於 2008-6-12 21:19 發表

I have been "lucky" so far (already almost 20 years not living in Australia).

But in my view AUD may enter into it's bearish stage after the coming rates meeting no matter whether there is a rate rise or not, Unless the central bank deliviers a very strong post meeting note indicating there'll be furher rate rises.

at this stage time is not yet mature to short it

but to hold long position above 0.94 may be risky

[ 本帖最後由 ces 於 2008-6-13 01:15 編輯 ]

Interest rate is not the only factor to determine whether a currency is strong or not. The reasons (still not the only factors) behind the interest rate rise or cut are more important.

However, I don't think AUD nor NZD are good to invest at this stage as they are in recorded high.

I use my AUD to invest in the Aussie stock market which are high quality - agriculture, mining, oil and banking. The China gov't is buying many mining companies at premium to secure the supply. So I don't think the natural resource in Aussie companies will be in big drop, especially the huge ones.

For emerging markets, no la. I can't escape fast enough.

------------
　　澳大利亞財長斯万(Wayne Swan)周二表示，中國監管机构授予了澳大利亞"投資目的地國"的地位，這為中國資本進一步流入澳大利亞鋪平了道路，中國對澳大利亞的投資勢必將再次獲得提振。


　　斯万表示，中國銀行業監督管理委員會(China Banking Regulatory Commission, 簡稱：銀監會)已經批准合格的境內机构投資者(QDII)到澳大利亞進行投資。這一決定是銀監會在斯万与中國財政部的官員們會晤后做出的。


　　斯万在一份聲明中指出，這一舉措還將增加澳大利亞資本市場的流動性，同時為中國投資者拓寬投資途徑、增加投資選擇。


　　他還表示，中澳兩國目前還在討論澳大利亞財政部(Australian Treasury)和中國國家發展和改革委員會建立机构合作的事宜，目的是促進經濟方面的經驗交流。

引用:

原帖由 ces 於 2008-6-13 01:12 發表


But in my view AUD may enter into it's bearish stage after the coming rates meeting no matter whether there is a rate rise or not, Unless the central bank deliviers a very strong post meeting n ...

[ 本帖最後由 b4321 於 2008-6-13 13:51 編輯 ]