http://durableinvestor.wordpress.com/2009/01/14/ivy-asset-strategy-conference-call/ Personal investing thoughts for the prudent and inquisitive Fri, 13 Mar 2009 17:09:34 +0000 http://wordpress.com/ hourly 1 http://durableinvestor.wordpress.com/2009/01/14/ivy-asset-strategy-conference-call/#comment-9 durableinvestor Thu, 15 Jan 2009 03:13:35 +0000 http://durableinvestor.wordpress.com/?p=252#comment-9 They have had large positions in EM in the past and plan to get back in over the next 12-18 months as a favorable entry point emerges. They believe that the dollar rally will be short lived, but it is not over. They are market timers. They have had large positions in EM in the past and plan to get back in over the next 12-18 months as a favorable entry point emerges. They believe that the dollar rally will be short lived, but it is not over. They are market timers.

]]> http://durableinvestor.wordpress.com/2009/01/14/ivy-asset-strategy-conference-call/#comment-7 Gordon Smith Wed, 14 Jan 2009 06:38:59 +0000 http://durableinvestor.wordpress.com/?p=252#comment-7 Interesting that the Ivy folks remain pessimistic about the US dollar -- a reasonable position to take, given our woeful trade deficit -- yet they have kept 92% of the equity investments in the US. Considering how hammered emerging markets have been by the double hammer blows of market decline AND currency decline, for a combined impact on the order of minus 50%, you'd think they would be piling in. Interesting that the Ivy folks remain pessimistic about the US dollar — a reasonable position to take, given our woeful trade deficit — yet they have kept 92% of the equity investments in the US. Considering how hammered emerging markets have been by the double hammer blows of market decline AND currency decline, for a combined impact on the order of minus 50%, you’d think they would be piling in.

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