Coady, Schmeichel, Ings - 5 players Tottenham should sign


Steve Luckings
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The biggest transfer headache new Tottenham manager Nuno Espirito Santo faces at present is trying to ward off overtures for star striker Harry Kane.

Kane has made clear his intention to be at a team capable of challenging for major trophies, which is basically code for 'not Tottenham'.

But while the likes of Manchester City and Chelsea battle it out for Kane's signature, Nuno must also focus on reinforcing a squad that has been dismal since reaching the Champions League final in 2019.

A priority is the defence, with one but preferably two centre-backs to bolster a rearguard that was too often a pushover last season.

Eric Dier's preference to be part of the defence backfired spectacularly as he was left out of England's Euro 2020 squad after being a vital part of the team that reached the semi-finals of the World Cup three years earlier. Toby Alderweireld looks a shadow of the player he once was. Only Joe Rodon, signed from Championship side Swansea City last year, emerged with credit from a disappointing 2020/21.

Nuno has been linked with several players from his former club Wolves, with Conor Coady and Willy Boly chief among them.

The Portuguese may also decide to take a decision that successive Spurs managers have ignored and upgrade his first-choice goalkeeper with club captain Hugo Lloris' displays no longer at elite-level.

Above is a photo gallery of five potential Spurs targets.

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Updated: July 22, 2021, 2:44 AM`