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Dr Doom: China heading for crisis more serious than US shutdown
by Emily Blewett on Oct 14, 2013 at 11:36
Faber said that he continues to hold 25% in equities, 25% in gold, 25% in bonds and cash and 25% in real estate. The majority of both his bonds and equity positions are in emerging economies.
Having bought European equities for the first time ever in early summer 2012, Faber said that he has continued to add to his positions as he sees investor appetite for the region increasing.
He has also been buying into the telecommunication and utility sectors where he still considers valuations to be low. He most recently bought Swiss banks, which are the first banks he has bought in Europe.
‘I think that everything is bad in Europe economically,’ he said. ‘But all you have to do as an investor today in this money printing environment is to ask what investors are going to do – and international investors are turning to Europe.’
‘I don’t think financials are themselves that attractive – I just think the Swiss banks will go up because everyone else thinks they will go up.’
On the US market, that Faber previously told Citywire could drop 40% this year, the investor said the outlook does still not look favourable.
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On the road
by Danielle Levy on Dec 04, 2013 at 11:37