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Spain's Terror Attacks Trigger Flight to Safe Havens for Investors

MADISON, Wis. - Credit unions may see a rise in U.S. Treasury Bonds from investors seeking safe havens in light of last week's terror attacks in Madrid, Spain. In its weekly Marketline report, MEMBERS Capital Advisors reports the "bottom line for investors is that the Madrid bombings have increased uncertainty...

By Staff Writer | Updated on March 23, 2004

MADISON, Wis. – Credit unions may see a rise in U.S. Treasury Bonds from investors seeking safe havens in light of last week’s terror attacks in Madrid, Spain. In its weekly Marketline report, MEMBERS Capital Advisors reports the “bottom line for investors is that the Madrid bombings have increased uncertainty about the future in a number of ways.” “This generally leads to declines in the values of riskier assets as investors seek safety” and “just as favorable economic surprises like those we saw in 2003 argue for allocating a portion of one’s investment portfolio to riskier assets, so events like last week’s argue for allocating to safer securities such as government bonds,” according to Marketline. Still, “in an ever-changing world, balance and diversification remain the fundamental principles of prudent investing.” MEMBERS Capital, the registered investment advisor for CUNA Mutual Group, has more than $10 billion in assets under management.

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