Artemis: US Equities Cheap Compared to Bonds

The US economic outlook is rosy, says veteran US equity fund manager Cormac Weldon, and this supports the American stock market

Emma Wall 19 May, 2015 | 12:43AM
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The Swiss National Bank – which is issuing bonds with a negative interest rate, is buying up US equities. A fifth of the SNB’s total assets are held in overseas stocks; with $37 billion in 2,548 US companies.  In particular the Bank likes Apple (AAPL), having bought an incredible 3.4 million shares in the first three months of this year.

Federal Reserve chief Janet Yellen may consider US equities “fully valued”, but clearly overseas investors have other ideas.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc145.86 USD0.15Rating
Electronic Arts Inc143.96 USD0.40Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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