Investment Strategist at Private Capital Limited
Contributor's Links: Private Capital Enzio's Clock

As Investment Strategist and Discretionary Asset Manager at Private Capital Limited, Dr. Enzio von Pfeil offers impartial, commission-free advice on how to structure one's income. His personalised advice helps clients determine their own most appropriate asset allocation strategy to generate ... more

ALL CONTRIBUTIONS

Brexit: Why Sterling Will Keep Sagging
Sterling will keep sagging because Brexit's path will be stony.
Read
China: Weaker RMB And Disparate Fiscal Policy
In the nearer term, China's monetary policy bodes well for markets. In the longer term, her fiscal policy does not.
Read
China: Do Not Buy RMB Bonds
In China, 10-year government bonds yield 2.7% - vs. 1.6% in the US, and negative yields in Japan for the same maturities. This means that China’s 10-year governments yield 69% more than their US counterparts.
Read
Finance: What To Be Scared Of
Don't worry about China's banks; do worry about America's student and car loans!
Read
Sell The RMB And Southeast Asian Markets
Germany is desperate to keep Britain in the EU; PBOC tightens overnight rates massively to defend the RMB.
Read
The Fed: Driving With A Rear-view Mirror
The Fed is working with an anachronistic model. Keep buying China and America.
Read

STOCKS I FOLLOW

AIA iShares S&P Asia 50 Index Fund
ASHR Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
BAC Bank of America Corporation
C Citigroup Inc.
CAF Morgan Stanley China A Share Fund Inc.
CEW WISDOMTREE TR DRYFS EMRG
CNY Market Vectors-Renminbi/USD ETN
CYB WisdomTree Dreyfus Chinese Yuan Fund
DBC PowerShares DB Commodity Index Tracking Fund
DSUM PowerShares Exchange-Traded Fund Trust II
EEM iShares MSCI Emerging Markets Index
EWA iShares MSCI Australia Index Fund
EWH iShares MSCI Hong Kong Index Fund
EWJ iShares MSCI Japan Index Fund
EWM iShares MSCI Malaysia Index Fund
EWT iShares MSCI Taiwan Index Fund
FCHI iShares FTSE China (HK Listed) Index Fund
FEZ SPDR DJ Euro Stoxx 50
FXCH CURRENCYSHARES CHINESE RENMINBI TRUST
FXF CurrencyShares Swiss Franc Trust
FXI iShares China Large-Cap
FXY CurrencyShares Japanese Yen Trust
GREK Global X MSCI Greece
GS Goldman Sachs Group Inc.
GXC SPDR S&P China ETF
PEK Market Vectors China ETF
PGJ PowerShares Gldn Dragon Halter USX China
PTR PetroChina Company Limited
RINF ProShares Trust
RTN Raytheon Company
SPY SPDR S&P 500
TLT iShares Lehman 20+ Year Treasury Bond Fund
UDN PowerShares DB US Dollar Index Bearish Fund
VGK VANGUARD EUROPEAN ETF
VWO Vanguard FTSE Emerging Markets ETF
YINN Direxion Daily China 3x Bear
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TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Investment Strategist
Private Capital Limited
September 2014 - Present (3 years 5 months)

My SFC type 4 and 9 Licenses are accredited to Private Capital Limited Ltd. I provide impartial, commission-free income planning advice to white-collar professionals. 
 

Senior Advisor
MCL Assets Limited
May 2013 - August 2014 (1 year 4 months)

Provide zero-commission discretionary asset management to individuals and corporations.

Director of Strategy and Economics Research
Commerical Economics Asia
1999 - May 2013 (14 years 7 months)

Bespoke macro investment advice focusing on strategic asset allocation.

Education

Albert Ludwigs University of Freiburg
PhD
1973 / 1980
Economics

Publications

Trade Myths: Globalization has Left Trade Balances Behind
Enzio Von Pfeil
Cross Time Matrix Sdn Bhd
04/10/2009

Politicians use trade balances measured using an approach created during Leonardo da Vinci's life. Enzio von Pfeil unmasks this dangerous anachronism and the myths that it spawns to justify protectionism. Using a state-of-the-art approach, he calculates America's huge global trade surplus - and warns against a new, dangerous form of protectionism directed at the overseas operations of American multinational corporations (MNCs), large and small. He wonders why these MNCs are financing the campaigns of some of the very politicians who are threatening their overseas operations.

Private Capital Strategic Allocation Blog
Enzio Von Pfeil
Private Capital

Private Capital Limited is a privately owned independent investment advisory firm, delivering bespoke financial advice and portfolio management services to international clients.

Read the latest market news and investment updates from Enzio von Pfeil on our Private Capital Strategic Allocation Blog: http://www.private-capital.com.hk/strategic-asset-allocation-blog