Buy-Side Traders Go Global

摘要

For Larry Peruzzi, senior equity trader at the Boston Asset Management Co., a division of Mellon Financial, trading opportunities in global markets have been attracting his attention to an ever-greater degree of late. "We're trading far more on an international basis," says Peruzzi, who isn't the only U.S.-based buy-side trader gradually shifting his market focus. According to the Russell Investment Group's fourth quarter 2004 Investment Manager Outlook, a quarterly survey of large and small cap equity traders, 52 percent of large and small cap equity traders in the United States and Canada are bullish about overseas shares, up from 46 percent in the previous quarter. At the same time, fewer traders — only 24 percent, down 9 percent from the previous quarter — are bullish about buying opportunities in the U.S. market.