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BUY bonds for income and equities for growth.
In addition, Rick Bartlett has been appointed head of equities for the Americas, succeeding Mr. O'Donnell.
Most retail investors should be buying equities for the long term (their pension).
SIMILAR opportunities may be found in equities for long-term-oriented investors.
Historically British and American pension funds have favoured equities for three main reasons.
Britain's pension funds have punted heavily on equities for many years.
"It's not a question about research independence," said Robert Steel, the head of global equities for Goldman.
It was just what we needed," said Christopher Wolfe, global head of equities for J.P. Morgan Private Bank.
"We will be playing our role as a responsible shareholder," said Nicole Yuen, head of China equities for UBS.
Investors should take some comfort in that, given that they are supposed to be in equities for the long term.
"The honeymoon is basically over now," Marc Desmidt, director of Japanese equities for Merrill Lynch, said on Monday.
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