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Julius Baer CIO pinpoints three key topics

Date: 11 Mar 2010

Van Anantha-Nageswaran, Bank Julius Baer's CIO, is advising clients to target Asian currency appreciation, agricultural commodities and Thai equities in 2010. He explains his thinking in an interview with asiamoney.com.

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Leigh Powell
Swiss wealth manager Bank Julius Baer is singling out Asian currency appreciation as one of its key investment themes for clients this year.

In an interview in Hong Kong, Dr Van Anantha-Nageswaran, the firm’s chief investment officer, said now was the time to take a position on India’s rupee and China’s renminbi.

New Delhi has been mindful of defending exporters’ interests in the past two years, with India’s foreign exchange reserves shooting above US$280 billion at the end of 2009.

“When reserves rise it is a sign that there is management of the exchange rate,” Dr Van told asiamoney.com. “The rupee has a greater chance of going up [than the renminbi] because the [country’s] monetary management is more responsive to market signals.”

Dr Van expects India’s GDP growth rate to pick up to between 8% and 10% in the next two years, driving...

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