Related News
Market decline a buy signal
By Lydia Chen |
September 5, 2011, Monday
|
Online Edition
Online Edition
DESPITE recent declines in global stock markets, managers at Legg Mason affiliate Royce & Associates believe it might be the right time to expand portfolios holdings, with the US small-cap space looking particularly attractive.
"The indiscriminate selling is allowing us to re-enter some of our favorite names at very attractive absolute valuations," said William Hench, Portfolio Manager at Royce & Associates.
Royce & Associates is wholly owned by Baltimore-headquartered Legg Mason, which managed US$663 billion by the end of June, serving clients in 180 countries.
While market declines are causing short-term pain to a lot of investors, such corrections present a strong opportunity for stock picking, especially for longer-term investors, according to Hench.
Royce & Associates has been adding to their existing holdings and especially in what they deem to be turnaround sectors where price-to-book and price-to-sales valuations are most attractive.
Technology plays among US small-caps, such as those who produce and sell capacitors and basic chips, would be the most ideal investments since they would have very limited impacts from macro concerns like a new round of quantitative easing policies, Hench added.
"The indiscriminate selling is allowing us to re-enter some of our favorite names at very attractive absolute valuations," said William Hench, Portfolio Manager at Royce & Associates.
Royce & Associates is wholly owned by Baltimore-headquartered Legg Mason, which managed US$663 billion by the end of June, serving clients in 180 countries.
While market declines are causing short-term pain to a lot of investors, such corrections present a strong opportunity for stock picking, especially for longer-term investors, according to Hench.
Royce & Associates has been adding to their existing holdings and especially in what they deem to be turnaround sectors where price-to-book and price-to-sales valuations are most attractive.
Technology plays among US small-caps, such as those who produce and sell capacitors and basic chips, would be the most ideal investments since they would have very limited impacts from macro concerns like a new round of quantitative easing policies, Hench added.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
