Internet social networks that let users follow investments the way they track status updates on Facebook are attracting record interest, turning top performers into market stars for individual investors.
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
The yuan will start to weaken after Chinese policy makers boosted the official exchange rate to a record high, as measures to slow credit growth ease, said Amer Bisat, a money manager at hedge fund Traxis Partners LP.
Barton Biggs, founder of the Traxis Partners LP hedge fund, said he isn’t adding to bearish equity bets in Europe after elections in France and Greece this weekend signal voters are seeking leaders who support more stimulus.
Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in 2009, boosted bullish bets on equities in his Traxis Global Equity Macro Fund after European leaders took action to contain the debt crisis.
Asian stocks will likely beat the Standard & Poor’s 500 index over the next year and China will need to allow the yuan to appreciate as much as 8 percent to avoid further inflation, investor Barton Biggs said.