CNBC Interviews Brian Singer
May 13, 2014
Brian Singer, partner and co-portfolio manager of the William Blair Macro Allocation Fund, discusses where he is currently finding the best investment opportunities, primarily Southeast Asian currencies, on CNBCs “Squawk Box.”
In the interview, Singer highlights that he’s finding the biggest opportunity in Southeast Asian currencies, such as the Indian rupee, Indonesian rupiah, and Korean won. At the same time, these currency long positions are offset by shorts in other currencies, such as the Australian dollar, New Zealand dollar, and the euro.
These Southeast Asian currencies are attractive because these exchange rates are priced cheap relative to fundamental value, says Singer. In addition, the market overreacted to economic and geopolitical events in the so-called “Fragile Five” – Brazil, South Africa, Indonesia, Turkey, and India.
“There might be the ‘Terrible Two’ of South Africa and Turkey, but Indonesia and India don’t fall in this camp, so when those currencies got hit, that was an opportunity to step in later last year,” says Singer.
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The opinions and forecasts expressed in the following interview are those of Brian Singer as of May 13, 2014, and may not actually come to pass. This information is subject to change at any time based on market and other conditions and should not be construed as investment advice or a recommendation of any specific security. Not all securities held in any William Blair strategy portfolio performed as favorably as those discussed, and there is no guarantee that these or other securities will perform favorably in the future. Investments are subject to market risk.
Please carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information is contained in the Fund’s prospectus, which you may obtain by calling 1-800-742-7272. Read it carefully before you invest or send money.
William Blair & Company, L.L.C., Distributor