Portfolio Recommendations: Shaw Capital Management Korea

We have made no changes in the balance of our portfolios this

month. The strength of the equity markets is encouraging, and we

expect that the global economy will continue to recover, and push

the markets even higher by year-end.

Portfolio Recommendations: Shaw Capital Management Korea. Market Developments. Economies virtually everywhere have been recovering for some months, the question is what to do post-crisis. For some, like Ireland, Iceland

and Latvia, there is little option but severe and immediate public sector retrenchment. For most however there is a choice: on the fiscal side

cuts (or tax rises) now, or later spread over a long period. On the monetary side, continued printing of money or cessation and even reversal.

In fact this is one of those periods when the ‘independence’ of central banks, that is their independent authority to set interest rates and

the extent of money printing, is a disadvantage for the economy, all of which need at present careful coordination of monetary and fiscal

policy.

Portfolio Recommendations: Shaw Capital Management Korea. There has been an increase in the risks in the bond market; the

current situation, with the latest attempts to resolve the Greek

debt crisis achieving only limited success, and a sudden weakening

in the world bond market emphasising the funding problems that

are affecting the entire bond market.

Portfolio Recommendations: Shaw Capital Management Korea. Independence of Central Banks. Economies virtually everywhere have been recovering for some

months, the question is what to do post-crisis. For some, like Ireland,

Iceland and Latvia, there is little option but severe and immediate

public sector retrenchment.

For most however there is a choice: on the fiscal side cuts (or tax

rises) now, or later spread over a long period. On the monetary

side, continued printing of money or cessation and even reversal.

In fact this is one of those periods when the ‘independence’ of

central banks, that is their independent authority to set interest

rates and the extent of money printing, is a disadvantage for the

economy, all of which need at present careful coordination of

monetary and fiscal policy.

At Shaw Capital Management we give you the information and insight you need to make the right investment choices.

We look forward to working with you and being the open architects of your financial well being.

Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Before Shaw Capital Management South Korea launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.