Merrill Lynch:What You Need To Do

There is a re-balancing coming in Europe and the U.S.,according to Lisa Shalett of Bank of America-Merrill Lynch Global Wealth&Investment Management.This is a volatility that is unprecedented since World War II.These are in many cases policy-driven.Demand and policy are interconnected.There's just as much uncertainty among consumers.
What everybody thinks is safe may be risky,and vice-versa,such as Treasuries/emerging market bonds.Embrace a more global perspective.This is about real diversification.You need to be in every geography,and not just BRICs.Consider Indonesia,Mexico,Turkey.Emerging markets bonds are safer,Ms.Shalett believes.
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Insurers Looking Abroad

A majority of insurers are planning to concentrate their growth overseas in the next three years.In a survey conducted by Accenture,62% of the 100 firms surveyed said they planned to grow abroad over the next year.Brazil,Russia,India and China are their main prospects.
Insurers from North America were more likely to expand overseas than those from other regions.While property and casualty insurers are more interested in Western Europe,life insurers are focused on emerging markets such as South Korea,India and China,the Accenture survey found.

BRIC Want Diverse System

The BRIC countries-Brazil,Russia,India and China-concluded their recent summit in Ekaterinburg,Russia by calling for a more diverse global monetary system.They did not attack the U.S. dollar,nor call for the development of new reserve currencies to supplement it,which Russia has called for on its own.China and the others do not want to risk devaluing the dollar further,since so much of their reserves consist of greenbacks.The BRIC countries called for systemic reform based on a democratic and transparent decision-making and implementation process at the international financial organizations.This reflects their fear that emerging markets could be pushed aside by developed economies during reform talks.