Investing in developed markets has been an extremely tough task as of late thanks to sluggish growth and debt woes in a variety of countries. In light of this, perceived ‘safe haven’ countries saw a great deal of inflows in this environment, leading to huge gains for markets such as Switzerland and other highly-rated nations. Yet, with the SNB’s historic decision to peg the franc to the euro, many investors scrambled to find new places to stash their cash in these troubled times, leading some to invest in nations such as those in the Asia Pacific or Nordic regions of the world. While this may have worked for a couple of weeks, it appears as though one of the key destinations for investors is no longer in the ranks of the safe haven club as New Zealand struggles with a downgrade to ‘AA’ by Fitch. In the move that hit the wires [...] Click here to read the original article on ETFdb.com. Related Posts: May ETFdb Category Kings: Best Performing ETFs New Zealand ETF: Post-Quake Opportunity? ETF Insider: Markets At Fed’s Mercy ETF Insider: The Dust Has Yet To Settle Top Three Currency ETFs Of 2011
Investing in developed markets has been an extremely tough task as of late thanks to sluggish growth and debt woes in a variety of countries. In light of this, perceived ‘safe haven’ countries saw a great deal of inflows in this environment, leading to huge gains for markets such as Switzerland and other highly-rated nations. Yet, with the SNB’s historic decision to peg the franc to the euro, many investors scrambled to find new places to stash their cash in these troubled times, leading some to invest in nations such as those in the Asia Pacific or Nordic regions of the world. While this may have worked for a couple of weeks, it appears as though one of the key destinations for investors is no longer in the ranks of the safe haven club as New Zealand struggles with a downgrade to ‘AA’ by Fitch. In the move that hit the wires [...]
Click here to read the original article on ETFdb.com.
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