Pets or planes? Investors tout lesser-known bets for 2018 [Reuters]
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Source: Reuters
Pets or planes? Investors tout lesser-known bets for 2018 | Reuters 4 Min Read NEW YORK (Reuters) - With U.S. stock prices near record highs and major economies worldwide on an upswing, top investment professionals are seeking out less familiar and less popular ways to invest. At this week’s Reuters Global Investment 2018 Outlook Summit in New York, London, Hong Kong and Singapore, many investors said equities look relatively costly, and a lack of fear may leave investors ill-positioned for when prices head south. That, they said, justifies diversification. For Thomas Kwan, chief investment officer of Hong Kong-based Harvest Global Investments, dogs, cats and other furry friends that people keep as pets is one pick of the litter. He said people in China, whose population is 1.4 billion, are taking care of pets better, and will buy more from companies making products such as pet food than they once did. “People have been getting more reluctant to have kids, or they want kids but they a
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