BlackRock: There's hidden value in CASSH
Russ Koesterich, global chief investment strategist for asset manager BlackRock (BLK, Fortune 500), coined the term in a recent blog post. "Because what the financial markets desperately need is another acronym," he said. All kidding aside, Koesterich believes CASSH countries offer hidden value, and recommends investors increase their exposure. Here's why. While they are obviously very different, the CASSH countries have certain things in common that make them attractive as a group, according to Koesterich. Unlike the United States and Europe, the CASSH countries all emerged from the financial crisis in a comparatively healthy state. There is no fiscal cliff or systemic debt crisis in these countries, which generally have balanced budgets and low levels of unemployment. Given the advantage of a strong balance sheet, the CASSH countries are poised to outpace their larger rivals in economic growth next year.
People:
Russ Koesterich
Overall Sentiment: 0.0422926
Relevance: 0.807501
| Sentiment | Quote |
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| -0.244446 | "Overall, the three developed markets are struggling with a number of headwinds," he said, ... |
| -0.038158 | "Overall, the three developed markets are struggling with a number of headwinds," he said, pointing to unsustainable public debt and continued deleveraging by households and business. "These are developed markets that don't suffer from those headwinds." |
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Additional Info:
Technology: BlackRock
Overall Sentiment: 0.236694
Relevance: 0.303572
City: Hong Kong
Overall Sentiment: 0.170622
Relevance: 0.474097
Disambiguation: HumanLanguage | AdministrativeDivision | Country | GovernmentalJurisdiction | BodyOfWater | CuisineReferences:
Country: United States
Overall Sentiment: -0.168541
Relevance: 0.451241
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Country: Switzerland
Overall Sentiment: 0.10942
Relevance: 0.415245
Country: Singapore
Overall Sentiment: 0.150786
Relevance: 0.398017
Country: Canada
Overall Sentiment: -0.0350511
Relevance: 0.359054
Disambiguation: Location | GovernmentalJurisdiction | Kingdom | AwardDiscipline | FilmScreeningVenueReferences:
Country: Australia
Overall Sentiment: -0.084381
Relevance: 0.340087
Disambiguation: Location | GovernmentalJurisdiction | KingdomReferences:
Organization: CASSH
Overall Sentiment: 0.338457
Relevance: 0.448808
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BlackRock: There's hidden value in CASSH
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Move over BRICs. Look out PIIGS. Here comes CASSH.
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- Australia
- ben rooney
- blackrock
- bric
- brics
- caash
- Canada
- CNNMoney
- etf
- Hong Kong
- investing
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- msci
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