No US Equities Needed for Portfolio Investors

LOS ANGELES—Do we need US equities? Srini Pulavarti, President and CIO of UCLA Investment Company, said that is it possible to get a return today on a global portfolio without investing any money in US equities. Pulavarti opened the 11^th Annual Symposium at UCLA, this year themed Investing in an Era of Uncertainty. His comments revealed a shift in the global investment markets in recent years.

Today, investors are looking to other parts of the world for the highest returns. “You are going to see very soon that we could manage a portfolio without putting a dime in the US public markets,” said Pulavarti. “It is possible, if you want returns.” Jan Brzeski of Arixa Capital Advisors and one of the organizers of the event, said in an interview after the conference: “He showed that other parts of the world have become a much bigger percentage of the investment landscape, and it is possible to construct a portfolio today that does not include any US equities. He pointed out that one of the most important things in his jobs was which manager to work with as well as the allocation of the assets.”