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Emerging Markets… A Contrarian Take
To say emerging markets are hot right now is an understatement.
The benchmark MSCI Emerging Markets index is up 52% this year, rendering the S&P 500’s 11% uptick completely insignificant.
Thanks to the strong performance, investors’ love affair with emerging markets keeps getting steamier. Case in point – investors poured $10.6 billion into emerging markets mutual funds so far this year, a whopping 34 times the total invested in U.S. funds.
Yet, while most pundits shout from the rooftops that emerging markets are the place to invest right now, let me offer a dissenting opinion.
Three Reasons Emerging Market Investors Are Getting Dumped
Emerging…
10Aug2009 | Investment U | 0 comments | ContinuedGlobal Profits in these Emerging Market ETFs
Like most investors, Harvard University’s billion-dollar endowment fund took a beating during the global financial crisis. Many investors cashed out, opting for the safety of the sidelines.
But Harvard called a new play.
During the first quarter, Harvard engineered a dramatic shift in its endowment-fund investment strategy – boosting its stakes in some of the most prominent emerging market exchange traded funds (ETFs). Indeed, its largest first-quarter investments included:
- $50.9 million in Vanguard Emerging Markets ETF (NYSE: VWO)
- $1.5 million more iShares MSCI Brazil Index ETF (NYSE: EWZ)
- $1.1 million more into in iShares FTSE/Xinhua China 25 Index ETF (NYSE: FXI)
- $877,700 into Van Eck’s…
Global Investing Roundups
Emerging Market Funds Lose $48 Billion; Bank of America Sells China Bank Shares; Family Dollar Beats and Raises Forecasts; New CEO, Cost-Cutting at Orbitz; Russian Winter; Monsanto Reaps Profit; No Pain Means Gain for Sun; Oil Slides 12%
- More than $48 billion was withdrawn from emerging market funds in 2008, with the largest chucks of change pulled from funds tracking Asia, according to EPFR Global. An emerging markets bellwether, the MSCI Emerging Markets Index, dropped 54% last year, its worst performance since it was created in 1987, Bloomberg reported.
- Bank of America Corp. (BAC) sold 5.62 billion of its China Construction Bank…
Why China is Still the World’s Best Long-Term Profit Play
While a recent crop of economic data suggests that China is not fully insulated from the economic turmoil that has overtaken the United States and Europe, some of that data is suspect. The upshot: The world’s fastest-growing economy is still much better off than its Western counterparts and probably remains the best long-term option for globetrotting investors.
China’s benchmark Shanghai Composite Index has plummeted nearly 70% in the past year. A big reason for the decline was concern among investors that economic chaos in the United States and Europe would deplete China’s breadwinning export market. But, so far, those fears have…
24Sep2008 | Money Morning | Comments Off | ContinuedIPOs Dry Up in Developed World but Emerging Markets Show Promise
Initial public offerings ground to a halt this year in most of the developed world, as a credit crunch and bear market forced private companies to either postpone offerings, or cancel them all together.
But emerging market IPOs have flourished, accounting for 70% of the total value of public offerings worldwide since April 1.
Globally, the number of IPOs during the second quarter fell by 56% to 205, while the amount of money raised through IPOs fell 64% to $31.5 billion, according to data from Dealogic.
However, that steep decline was largely the result of a collapse in more advanced,…
31Jul2008 | Money Morning | Comments Off | Continued
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