'Don't shun the US' advises multi-asset manager

OPM CIO Tony Yousefian says the investment house likes the beleaguered US as well as emerging markets. Far East and Japan are next on their preference list while Europe and the UK are bottom. He explains: “The US will be the first region into recession and the Fed and the US Government have done everything they can to keep the recession shallow. As a result, the US will be the first region out of recession. There are consequences for the US dollar which has now bottomed out. Over the next 18 months to two years it will have a neutral impact and at best it will add value.” To take advant...