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Reuters Summit: Good signs from China - Pioneer CIO

Monday, November 18, 2013 - 04:27

Nov. 18 - China's proposed economic reforms are a good sign for investors - especially as Chinese equities are cheap, says Giordano Lombardo, Group CIO of Pioneer Investments.

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As you're done with when it was still waiting for this. Correction and equities you getting nervous. Whether that when markets like in the US cases. Went I about went up by 55%. A year since the -- in mind that case that. Mom may be becoming enormous by the U that you become Mac kind of interested in what's going next. So what do you think is gonna -- Next I think that that it could -- rockets just keep going to be quite Westport to next year about these enormous amount politically he's at this -- from banks have created. But probably and we need to be more selective so many and we I'm more cost was on. Eleven of our -- -- by US equities and we prefer. Such as you have a plan that selected in the aftermath okay. I'll come on to that and aside I'm fed liquidity. As you said it seems very much to be that. The of the story of the moment the only show in town feel like volatility taking a bit of a breather what what shocks. Could knock us out of this this. It's comfortable as -- bedroom now with a fist shot that comes to mind you is that my. Tea Party itself. Because I think the what happened that this summer as a reminder that cabinet choices that the defense has that been difficult. On one side that you must be worried about the fact that the economic recovery is happening but still quite fit in its infancy. On the other side that. -- the effectively defend itself has pushed Marcus -- quite high level. And these two things that Kendall would be tickled to have beaten us so taping of tapering he's I think he's going to be -- left. Listening to social work when you think that's gonna come to -- the fourth quarter or next okay. I'm. How. Frequent is use of the word deflation when you're talking about -- I view things. Not very frequent because I believe that deflation. Technically speaking of something what we -- guessing that you puppies that. -- growth though we did -- know whenever inflation and you've been very into low inflation isn't done just. And -- dangerous thing right away and you don't have to get to. It deflationary. -- to be to reward but that we have more keen on seeing yet 82 on the positive sign which is that that. Golf is a name yet but the directory is right one which is. So you don't think that terrorism deflation psychology developing now do his -- screen and off him. There's any skip all that is as -- -- -- Psychology that could be negative. Which means that that you can it's possible US consumers -- call for you postpone a spending that. And decisions that even when officials he doesn't need to be deflation. And -- what I think the ECB. He's trying to fight and has the tools to fight more. I'd like -- you specifically about China. You confident we'll see this sort of market oriented reform that'll. Bulls' confidence and in enough putting our money into into that market. For the next decade as a now we have a positive. Contractually. We seeing that. Yes we we we see it is stronger for me because -- the -- to rule was. Quite different. Way of managing -- Not only the economy but also -- people outside the track sort of formal that Goldman and site. And not talking of the economy cat at Wales. Life Russell -- private sector or oriented economic system. The new leadership but it's stronger and that to mean. As you mentioned with took him -- there on -- because in China you mentioned pencil indicates that. But it again and deductions positive and blasts of the Chinese equity market is she. What is the big for -- and then the -- to a fourteen trade. The big -- 2014 committees that long. Imagine that could take with is that you know selecting way so Chinese the requirement. And the short. Am Japanese government -- Jim O'Donnell aluminum and thanks to witness the shootout and about a on their investments. That is it for me plenty more from the Reuters summit on the mound. -- -- --

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Reuters Summit: Good signs from China - Pioneer CIO

Monday, November 18, 2013 - 04:27