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 11th 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.”
Today, he is focused on India and China as major destinations for growth and returns. “He believes that India and China, and the emergence of their middle class, is where the action is,” Brzeski adds. “Those middle classes didn't exist 20 years ago, but now there is a huge middle class.” His interest in those countries is focused on China and India. “We are spending a lot of time in Asia,” he said. “The US is clearly the leader in innovation, but you are going to start seeing a lot coming out of China and India. China and India are going to transform themselves.”
As a result of this technology, he says that there are more opportunities to invest capital. “Technology has become a larger share of the markets,” says Brzeski. It is not necessary to do more alternative investments to see a return.
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 11th 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.”
Today, he is focused on India and China as major destinations for growth and returns. “He believes that India and China, and the emergence of their middle class, is where the action is,” Brzeski adds. “Those middle classes didn't exist 20 years ago, but now there is a huge middle class.” His interest in those countries is focused on China and India. “We are spending a lot of time in Asia,” he said. “The US is clearly the leader in innovation, but you are going to start seeing a lot coming out of China and India. China and India are going to transform themselves.”
As a result of this technology, he says that there are more opportunities to invest capital. “Technology has become a larger share of the markets,” says Brzeski. It is not necessary to do more alternative investments to see a return.
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