Noted “contrarian” investment guru Marc Faber says he would advise Swiss pension funds to move assets out of the US and into Asia.  “Families and pension funds here should have more assets in Asia than America because there is a shift of wealth and Asian currencies are strengthening against the US dollar,” he was quoted as saying in an interview with Swissinfo.  Faber, known as ‘Dr Doom’, said he would allocate at least 50% of client money in Asia and move it away from the US.  Faber gained prominence for predicting the 1987 Wall Street crash, the bursting of the Japanese bubble in 1990 and the financial crises of late 1990s, Swissinfo said.
Investment & Pensions Europe –
Interview mit Faber auf Swissinfo