We have world coverage here on daybreak asia, we will be live in seoul for an update on the north korea missile test fallout. Betty and we go to detroit for is announcement that volvo going electric in 2019. This is daybreak asia, live york andmbergs new asia headquarters. I am in new york, it is after 7 00 p. M. Yvonne and it is just after 7 00 a. M. Here in hong kong. Lots to talk about. Much from president xi and chancellor merkel. But we are focusing on the fmoc minutes. A divided fmoc when it comes to the Balance Sheet timing. Betty absolutely, the timing is key. A lot was propelled by confusion or what is confounding fed officials, and economists everywhere, which is, where is inflation in the u. S. , despite seeing lower Unemployment Rate numbers . We are almost nearer full unemployment in the u. S. , yet no inflation. That is complicating the feds direct timing. Coming back from a long weekend, we saw the markets at first it dipped then they rallied with tech shares. We will go
Typically theyll get a gain an Incentive Fee on the 20 percent but not in the subsequent where were well into the next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an Incentive Fee. If they go out of business your toast. Thats true. Were truly sorry you lost 95 percent of our money but not sorry enough to give back the fees. The risk is i would role the device because i can make it up let me move on the staffs recommendations report if i could go through those 0 next. Lets lets go to some of the assumptions they drive the numbers so let me go to the report this is page 7 of angeles report some of the assumption and while they get theyre typically the assumptions drive it out put so it will lean our way
Portfolios of company is in essence the way i interpret that youre not going to get the holdings or the contributions buy the risk holders so number one you can talk about the risk agree gate if you members of the public know whats going on. Risk aggregation in fact to the exposure are two things the risk ago gator theyll take the holdings of the managers and put them together and show you what youre holdings are and our factor exposure, etc. So this is one thing that many plans do another thing because not many plans actually look at that i mean ive talked to a lot of black mans to you use the holder place data they dont so another option is the factor exposure youre seeing what our data is and country and wheezing weights and the equity. I dont think the customers will understand that will you believing be able to see the holders it is in a simple language or is is batting bet to this and that. It can be both if we end up in the plan insists on the holdings and we will see that and t
For the infrastructure and 2 should be lower for that as well. So on the report a thats what i have lets go to the report and the recommendations on the table since the gentleman wants us to see the elements let go to the precise page and the number were looking at here. Two on the i thought that is page 11 the second column from the right so okay. So lets this is the motion on the table i believe this is the with whats called page 11 the second to the far right most column that is the title easiest policy just want to point out that were notlogically bonds that much youre moving bond from 25 to 20 percent so we still have a lot of fixed up i income in the portfolio that is the consensus we want to lower the risks of populate so yourlogically the fixed income by 5 percent in terms of coming up with that again, if i had my druthd i think that real assets is the best answer in terms of the Natural Resources of infrastructure are the best difference if i did portfolio thats been presented
The next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an incentive fee. If they go out of business your toast. Thats true. Were truly sorry you lost 95 percent of our money but not sorry enough to give back the fees. The risk is i would role the device because i can make it up let me move on the staffs recommendations report if i could go through those 0 next. Lets lets go to some of the assumptions they drive the numbers so let me go to the report this is page 7 of angeles report some of the assumption and while they get theyre typically the assumptions drive it out put so it will lean our way for the Natural Resources and the infrastructure i had a question on this the one thing that it seems to me t