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[sharechat] Overseas Equities - Caution required?

From:	"geoff_julie" <gk_jawalker@paradise.net.nz>
Date:	Fri, 18 Jan 2002 19:10:28 +1300

An interesting excerpt from NBR story "Equities continue to savage UK funds".

The stellar European fund manager Hugh Hendry, of the CF Odey European Trust, has suggested some caution about equities. Mr Hendry manages the best-performing European ex UK unit trust. He alone made money last year. No other listed trust did. According to Standard & Poor's, the average fund fell 18.9%.

Mr Hendry advises against holding any shares as the situation reminds him of 1929. He regards the US market as hopelessly inflated and in need of a huge correction.

He also adds those market darlings Motorola, Ericsson and Nokia are "completely buggered."

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