My mental construct for this correction comes from sovereign wealth funds and other big money moving out of euros and placing their portfolios into other currencies.

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This means they are going to be less attractive to sovereign-wealth funds and big institutions, which write large cheques, do not want to be too much of a fund's investor-base and are often expressly looking for exposure outside Asia.

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But the big new investment idea being taken to the sovereign wealth funds is for Scots to bundle up packages of investment proposals that could look attractive to those who think in billions.

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Emerging market Central Banks and sovereign wealth funds from Saudi Arabia to China are all big buyers of U.S. Treasurys, driving up bond prices and helping IEI beat EMLC, GSDIX and OEMAX handedly over the last 12 months.

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