Look for less correlated investments in the current market

Friday, February 8th, 2008  |  Time Sensitive

With the worsening credit crunch and deteriorating US economy, Daryl and his team has shifted a portion of Providend’s clients’ money out of riskier equities and directed small allocation to a Middle Easter & North African (MENA) equity fund for the more aggressive mandates. They believe that the MENA stock indices are lowly or even negatively correlated to developed and other emerging equity markets. Read more in the article as Daryl shares on his team’s research and views on the MENA market and how their decision will minimize the overall portfolio volatility.