Western’s Leech stays short the euro, long Asia
The ‘other’ king of the bond world, Kenneth Leech, is still optimistic about Asia despite it assuming the burden of tighter monetary policy.
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Kenneth Leech, ‘chief investment officer emeritus’ at $456 billion Western Asset, says recent bets on the euro’s weakening have yet to come to fruition, but still believes European Union efforts to save the currency will also lead to its depreciation.
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