Shogo Fujita Bank of America Merrill Lynch
Debuting in second place in this new sector is Shogo Fujita. In light of the European debt crises, the Bank of America Merrill Lynch strategist says he is reminding investors that “the concept of a risk-free asset is an outright myth” — even the sovereign debt of developed countries carries some possibility of default. Fujita believes the world will gradually be segregated into “relatively sustainable sovereigns” and “unsustainable sovereigns,” with funds flowing into the former from the latter. Praised by one money manager for his “deep and detailed analyses,” Fujita is advising clients to “stay long all real assets, and financial assets such as equities, bonds and currencies in the sustainable economies” of Germany, Japan, the U.K. and the U.S. — Carolyn Koo