Gulf-based sovereign wealth funds, intending to invest in the US and European assets, should direct their investments to credible financial assets, said a senior bank official.
Steen Jakobsen, the Chief Investment Officer (CIO) of Saxo Bank, has said: "I do not mean to say that the GCC countries should be buying companies like Merrill Lynch. When we take the debt writedowns aside, whatever is left has a unique investment opportunity," he said.
Jakobsen went ahead to term an aid to bailout the West as a "responsibility" of the GCC countries.
There are literally thousands of attractive real estate assets at discounted prices in the UK, USA and Europe. The exchange rate in the UK makes the UK particularly attractive for those with Dollars or Euros to invest.
ReplyDeleteSee: www.buckingham-estates.com - it's due to be launched on Monday 9 February 2009.
Steen Jakobsen resigne as Chief Investment Officer for Saxo Bank
ReplyDeletehttp://www.financial24.org/europe/steen-jakobsen-resigne-as-chief-investment-officer-for-saxo-bank/