Igor Purlantov is an expert on business and politics across emerging markets. Mr. Purlantov has worked extensively in various emerging countries throughout Europe, Asia and Africa with both public and private companies as well as local governments. You can read and learn more about his work on www.igor-purlantov.net
Monday, December 22, 2014
Emerging Market Stocks Rise as Energy Producers, Banks Lead Gain
Emerging-market stocks headed for the biggest four-day gain in 15 months, led by energy and financial companies, as investors bet oil prices are stabilizing and China will step up measures to support economic growth. Russia’s ruble rose for a second day. VTB Bank jumped to the highest price since July 2012 in Moscow after saying it’s financing a $283 million copper-mill project in Armenia. Shares in Dubai and Nigeria rose for a third day. Cnooc Ltd. and PetroChina Co. climbed more than 4 percent, while Bank of China Ltd. led mainland shares traded in Hong Kong to the largest gain in two weeks. The ruble gained 6.9 percent versus the dollar.
Monday, December 15, 2014
Emerging Markets Poised to Outperform in 2015
In 2015, we believe ongoing economic reform in many emerging markets could positively influence economic growth trends and corporate profitability. Stock valuations at a discount to those of developed markets do not accurately reflect the potential of emerging markets. High economic growth rates will remain a key attraction of many emerging markets. Even with major economies like Brazil and Russia slowing down, overall growth in emerging markets during 2015 is expected to be comfortably in excess of that achieved by developed markets, with China and India likely to drive the Asian region to particularly strong growth.
http://tinyurl.com/q3oqyrr
http://tinyurl.com/q3oqyrr
Monday, December 8, 2014
Emerging Markets Drive Satellite Growth
Emerging markets hold the key to subscription and revenue growth in satellite pay-television. Subscriptions to satellite television services reached 196 million homes in 2013 and revenues passed $97 billion, as reported by Euroconsult. Emerging markets now account for 60% of global subscribers and nearly all growth in subscriptions to satellite television.
http://tinyurl.com/kmkf9a6
http://tinyurl.com/kmkf9a6
Monday, December 1, 2014
For Investors, India Remains Favorite Emerging Market
Kudos to new prime minister Narendra Modi. Thanks to him and Reserve Bank of India chairman Raghuram Rajan, India is the global fund managers favorite emerging market. Despite a temporary bump in its growth trajectory, London-based investment firm Schroders says India is the best of the big emerging markets for investors.
http://tinyurl.com/l8kmfb5Monday, November 17, 2014
People in Emerging Markets Catch Up In Life Satisfaction
People in emerging economies are considerably more satisfied with their lives today than they were in 2007. A Pew Research Center survey finds that publics in emerging nations now rival those in advanced economies in their self-reported well-being.
http://tinyurl.com/mcdjdrg
http://tinyurl.com/mcdjdrg
Monday, November 10, 2014
Xiaomi is the Apple iPhone for Emerging Markets
The name Xiaomi was splashed across headlines last week because the Chinese smartphone maker was reportedly seeking $1.5 billion in fresh funding that would value it at over $40 billion. That means the company, little known in the West, would be awarded twice the valuation of Sony and 2.5 times that of Lenovo Group. PC manufacturer Lenovo generates more than $40 billion a year in sales, compared with the $13 billion expected this year for Xiaomi. Could the privately held smartphone company conceivably be worth that much? Yes, if you look at its sales trajectory and growth potential in emerging markets.
Monday, October 27, 2014
Gulf States Weather The Emerging Market Storm
Capital outflows from the Gulf states have reached around $780m (£484.7m, €614.5m) since May last year, far less than the amount of money that has left other emerging markets, according to a new report by the International Monetary Fund.
Monday, October 20, 2014
Emerging Market Currencies Higher on Global Turmoil
Some emerging-market currencies pushed higher on Wednesday as investors bet that renewed tremors in global markets would delay a rise in U.S. interest rates. Stocks and bonds in the developing world have been rattled in recent weeks as money managers expected that a recovering U.S. economy would push the Federal Reserve to raise interest rates next year. Higher U.S. rates create an incentive for investors to cash out of emerging markets in search of the higher returns promised by dollar-denominated assets.
http://tinyurl.com/pp4fm2t
Monday, October 13, 2014
Emerging Markets: Where to Go, What to Avoid
This year has been something of a roller-coaster ride for the emerging markets, but one of the most renowned investing minds says it’s time to hop on the ride. Burton Malkiel, professor emeritus at Princeton University and author of A Random Walk Down Wall Street, argues that U.S. stocks are pricey, and that emerging markets offer higher long-term returns. He points to the CAPE ratio, popularized by economist Robert Shiller, which averages 10 years’ worth of earnings adjusted for inflation, instead of the more common price/earnings ratio. (CAPE is an acronym for cyclically adjusted PE.)
http://tinyurl.com/qha6pmg
Monday, October 6, 2014
BlackBerry Needs To Focus More On Emerging Markets
BlackBerry looks ready to increase the pace in its turnaround - the company has launched its new handset, Passport, and the recent earnings announcement has also impressed. BlackBerry has been able to register gross profit from its handsets segment for the first time in the last five quarters. Although the management is focused on making this company into a services provider only; handsets business remains vital to the overall operations of the company as a major portion of its services business is dependent on the sales of handsets.
http://tinyurl.com/lgun5z9
Monday, September 29, 2014
Emerging Markets Will Lead Smartphone Growth Next Year
Smartphone makers would be wise to concentrate their efforts on developing nations in the future, according to a new report showing that emerging markets will overtake wealthier countries in technology growth by value next year.
http://tinyurl.com/lg2u6tz
Monday, September 22, 2014
Daimler to Use India as Source of Trucks for Emerging Markets
Daimler AG is targeting emerging markets with an unusual weapon: a line of stripped-down trucks it produces not in Germany, but in India. Daimler is the world's largest truck maker by sales, with dominant positions in the Americas and Europe. But the German company faces growing competition from Chinese manufacturers, who are using their leading positions in China, the world's biggest commercial-vehicle market, to expand in emerging economies.
http://tinyurl.com/lg8b4bj
http://tinyurl.com/lg8b4bj
Monday, September 15, 2014
Google Unveils $105 Smartphone for Emerging Markets
Google on Monday unveiled a new line of low-cost smartphones in New
Delhi, hoping to persuade more people in India and other emerging
markets to upgrade their handsets. The
new phones will cost around $105 and will be the first to use Google's
Android One platform, which was designed to give developing economy
users a reliable and affordable way to get online. "The
pace at which users are adopting the Internet is unprecedented," Sundar
Pichai, senior vice president at Google who oversees Android, told
reporters in India's capital. "Almost all of this growth that is
happening in India and the world is due to mobile (phones)."
Tuesday, September 9, 2014
Five Ways to Save the World’s Rarest Species
Can you imagine a world without butterflies and pandas? Soon, we might not have to. The number of monarch butterflies has dropped 97 percent since the mid-1990s. Only 1,600 pandas are left in the wild. Several other species are on the brink of extinction because of habitat loss, climate change, and other events caused by human activities. But there’s hope. Thanks to the work of conservationists, species such as the lion-tailed macaque and the California condor
have recovered. Sept. 4 is National Wildlife Day, so we celebrate five
of the most innovative efforts to rescue the world’s imperiled animals.
http://tinyurl.com/k2a8poh
http://tinyurl.com/k2a8poh
Monday, September 8, 2014
What It Takes To Be An Emerging Markets Investor
You took a trip to faraway lands and bought the T-shirts, but as a
do-it-yourself investor, should you also invest in those emerging
markets? Probably not if you’re a novice. Unlike buying, say, an
ETF based on a Canadian or U.S. index you know reasonably well, you
really should know what you’re doing, the experts say.
http://tinyurl.com/k8kykhk
http://tinyurl.com/k8kykhk
Wednesday, September 3, 2014
19 Tech Startups in Emerging Markets
Seedstars World just sent me a list of 19 emerging markets startups that have won its competitions around the world. The Geneva-based company holds competitions for startups; the competitions culminate in an innovation conference in February in Switzerland. Seedstars World is affiliated with Seedstars, a venture firm. All the companies that make it through the global competitions — this year, there will probably be about 35 companies — and receive an invitation to the conference, get exposure to European and U.S. financiers. The overall winner gets a $500,000 investment from Seedstars.
http://tinyurl.com/ncu3m5b
Monday, August 25, 2014
Myths Create Fear in Emerging Markets
Lamudi, an online real estate dealer with operations in 28 countries in the Middle East, Asia, Africa and Latin America, argues there exist widespread myths that may stop Western companies from taking advantage of “exciting” opportunities offered by emerging markets.
http://tinyurl.com/ozt753k
http://tinyurl.com/ozt753k
Monday, August 18, 2014
Emerging Market Stocks Advance for Sixth Day
Emerging-market stocks rose for a sixth day as a rally by telecommunication and energy shares overshadowed Chinese data showing the nation’s housing slump deepened. Russia’s ruble appreciated the most among its peers. China Mobile Ltd. advanced to the highest level in almost six years as Nomura Holdings Inc. lifted its price target. OAO Gazprom gained as much as 1.2 percent to lead increases in Russia. The ruble strengthened 0.3 percent versus the dollar after the central bank widened its trading range against a basket of currencies. Indian stocks surged to a record high.
http://tinyurl.com/oa7rpycMonday, August 11, 2014
Bitcoin Momentum Grows in Emerging Markets
Bitcoin is gradually making progress as a medium of exchange in developing countries. While it can be volatile as an investment asset, it has real utility as an instrument for payment and money transfer, especially in places where conventional payment systems are immature. Because Bitcoin facilitates instant payment through peer-to-peer technology, most transactions can be completed in less than 10 minutes no matter how distant the two parties are. In addition, each transaction is recorded in a public ledger, enhancing transparency and trustworthiness.
http://tinyurl.com/k3lbt8e
http://tinyurl.com/k3lbt8e
Monday, August 4, 2014
Time to Invest in Emerging-Markets Stock Funds?
It has been a frustrating time for emerging-markets investors lately. First, they had to watch as U.S. stocks went on a tear last year, while emerging-markets stocks headed in the opposite direction. Many investors lost patience; they yanked more than $15 billion from emerging-markets exchange-traded funds in the three months through January of this year, according to the Lipper unit of Thomson Reuters Corp.
http://tinyurl.com/nl6oofp
Monday, July 28, 2014
Emerging Market Stocks Advance on China
Emerging-market stocks rose, extending a weekly gain, as a gauge of Chinese mainland shares traded in Hong Kong entered a bull market. Russian stocks and its currency slumped amid the threat of further sanctions. China Coal Energy Co. climbed to its highest level in seven months after the nation’s industrial-profit growth accelerated. Hyundai Steel Co. gained 5.3 percent in Seoul after profit beat analyst estimates. OAO Rosneft dropped 1.9 percent, while the ruble weakened 0.7 percent. Former majority owners of Yukos Oil Co. said they won a $50 billion award against Russia.
http://tinyurl.com/mvs4sqv
Monday, July 21, 2014
Emerging Market Debt Issuance Hits Record High
Emerging and frontier market countries have borrowed a record amount of money in capital markets in the first half of this year, even as central bankers warn that “debt market euphoria” could be storing up trouble for the future. International sovereign bond sales by emerging markets reached $69.47bn in the first six months of the year, a jump of 54 per cent on the same period in 2013.
http://tinyurl.com/qh7tvee
http://tinyurl.com/qh7tvee
Monday, July 14, 2014
Fund Managers Ignore Borders to Chase Profits
U.S. emerging market fund managers are paying less attention to where a company is located or listed than to whether it's making money, either as an advanced world company doing business in the developing world, or the other way around. A top holding in the $710 million Ivy Emerging Markets Equity Fund, the best performing diversified emerging market fund over the last five years, is Las Vegas Sands Corp, the U.S.-based casino operator that generates most of its revenue in Macao.
http://tinyurl.com/nn9trtu
Monday, July 7, 2014
Emerging Markets Output Growth Strongest Since March 2013
Business activity in emerging markets expanded last month at its fastest rate since March 2013, boosted by strong growth in China and India, a survey showed on Monday. HSBC's composite emerging markets index of manufacturing and services purchasing managers' surveys jumped to 52.3 in June - well above the 50 threshold that indicates expansion - from 50.6 in May. Services activity growth hit a 15-month high and manufacturing output also rose, HSBC said.
http://tinyurl.com/kwa8453Monday, June 30, 2014
Emerging Markets ETFs Hauling In Cash
Rebounding equities throughout
the developing world are spurring investors to rush into the exchange
traded funds that hold those stocks. Investors are also paying up for
the privilege. The Vanguard Emerging Markets ETF, the largest emerging markets ETF by assets, now trades at a 0.2%
premium to the value of its underlying holdings good for the ETF’s
widest gap in two years, report Boris Korby and Edith Waringa Kamau for Bloomberg.
Tuesday, June 24, 2014
Mark Mobius Says Buy Russia and Nigeria
Mark Mobius is a superbull. In fact, he’s confident that the global
markets are facing a five-year bull environment, as massive liquidity
injections from central banks will start to do the trick. And then things will start to happen: Emerging markets will outperform. Nigeria will attract lots of attention. Even Zimbabwe is looking like an interesting investing opportunity. “The U.S. outperformed emerging markets last year, [and] now emerging
markets are coming back and outperforming,” Mobius, executive chairman
of Templeton Emerging Markets Group, said in an interview with
MarketWatch on the sidelines of this year’s FundForum International in
Monaco.
http://tinyurl.com/qylgr7g
http://tinyurl.com/qylgr7g
Thursday, June 19, 2014
The Cloud in Emerging Markets
Cloud computing is rapidly transforming business processes both domestically and in international emerging markets. Information technology is projected to be based more than 50 percent in the cloud within the next few years and it may be an ideal environment for many developing markets. This shift will allow emerging international markets to move past costly technology barriers and drastically increase productivity and growth.
http://tinyurl.com/m8w7382
Monday, June 16, 2014
How Baron Emerging Markets Is Winning
Emerging-markets stocks have been mostly submerging the past
year or so. But Baron Emerging Markets fund has managed to stay
afloat and deliver a respectable return. The fund has also excelled
against the competition, beating 96% of diversified
emerging-markets funds over the past 12 months.Manager Michael Kass credits Baron's philosophy of deeply
researching companies for the successful run. Doing his homework
helped him find such obscure companies as Shuaa Capital, a United
Arab Emirates financial firm (and the fund's only holding in
so-called frontier markets); Steinhoff International, a South
African furniture maker; and China's Sihuan Pharmaceutical. All
three stocks have at least doubled over the past year.
http://tinyurl.com/qdven9u
http://tinyurl.com/qdven9u
Thursday, June 12, 2014
Emerging Markets to Gain Most from ECB Easing
The European Central Bank has given investors an excuse to keep buying in emerging markets into the second half of the year, as a worldwide “hunt for yield” runs out of assets to buy in advanced economies. They will have to be more selective than they were during the post-financial-crisis stampede into developing countries, but as the global economy stabilizes and rich-country interest rates plumb new depths, global investors can now finally put the “taper tantrum” behind them.
http://tinyurl.com/ov76pc9
-Igor P Purlantov
http://tinyurl.com/ov76pc9
-Igor P Purlantov
Wednesday, June 11, 2014
What Estee Lauder Has Done In Emerging Markets
Estée Lauder, with a market capitalization of $31 billion, is an enterprise that manufactures various prestige cosmetic products across the skin care, hair care and make-up categories. The company operates primarily in the $77 billion prestige cosmetics market and reported revenues of approximately $10.4 billion in CY13.
http://tinyurl.com/kyu7k5v
http://tinyurl.com/kyu7k5v
Tuesday, June 10, 2014
Three Reasons to Buy Emerging Markets Stocks
For those of you who haven’t noticed, emerging markets have been on a tear. Since Jan. 31, the S&P 500 has gained a little more than 7%. However, the iShares MSCI Emerging Markets Index Fund and the Vanguard FTSE Emerging Markets ETF are each up almost double that — 12%. Those are two of the largest ETFs on the planet, with $84 billion in assets under management between the two of them. So when emerging market funds like these move, investors better start paying attention.
Monday, June 9, 2014
Jobs Data Lift Emerging-Market Currencies
Emerging-markets currencies climbed against the dollar on Friday after the U.S. jobs report, as traders bet improvement in the labor market in May wasn't strong enough to push the Federal Reserve to an earlier increase in interest rates than expected. Many investors in the developing world have kept a close watch on U.S. economic indicators to gauge when the Fed will raise rates. Higher U.S. rates, analysts say, could strengthen the dollar and draw cash out of emerging markets.
http://tinyurl.com/kp54r4t
-Igor P Purlantov
http://tinyurl.com/kp54r4t
-Igor P Purlantov
Friday, June 6, 2014
Dubai Tops The World's Best Performing Stock Markets
Call it a perfect market storm of wealth creation. Since the start of 2013, the Dubai stock market has registered a near 200% gain to become the best performing financial market in the world. The Gulf emirate's securing of the World Expo in 2020 is likely one factor behind this success as is the wider UAE's reputation as a safe-haven in a region riddled with uncertainty. Oil averaging more than $100 a barrel for three years running, meanwhile, is driving growth towards record spending on infrastructure.
http://tinyurl.com/ktqq89s
http://tinyurl.com/ktqq89s
Thursday, June 5, 2014
Investors Rewarded for Trek Into Little Known Markets
Investors who ventured into frontier markets—the smaller, lesser-known cousins of emerging markets—have been rewarded with impressive equity returns over the past 18 months. While the MSCI Emerging Markets Index has been essentially flat since the start of 2013, the MSCI Frontier Markets Index has shot up by more than 50%. Developed markets grew strongly too, but the 32% surge in the MSCI World Index was still dwarfed by frontier markets’ growth. Individual countries have posted some significant returns, too. Since the start of 2013, Bulgaria’s market has soared 91%, Pakistan’s has jumped 88%, and Nigeria’s has risen 47%.
-Igor P Purlantov
Wednesday, June 4, 2014
Investor Confidence in Emerging Markets Highest in Years
Investor confidence in emerging markets is at its highest level for more than a year, according to one of the world’s largest independent financial advisory organisations, deVere Group. Nigel Green, founder and chief executive of deVere Group, commented that there has been a considerable jump in client interest in this sector: “Our independent financial advisers in every global region in which we operate report that a growing number of clients are now actively expressing a keen focus on emerging markets.
http://tinyurl.com/nop8jd2Tuesday, June 3, 2014
Are Emerging Markets The Next Great Trade?
I love it when perception differs from reality... that's when you can really make money in the stock market. Take emerging markets for instance. If you read the news regularly, you'd think emerging markets were the last place you'd want to put your money. Almost every day there's a headline decrying how the economies in these developing nations are on the verge of collapse. In 2010 it was Greece... in 2012 Egypt... last year it was Syria... and today it's Ukraine.
http://tinyurl.com/mnuada6
-Igor P Purlantov
Monday, June 2, 2014
Emerging Markets Bounce Back
Investors are settling in for another ride in emerging markets. Uneven stock indexes and low bond yields in the U.S., Europe and Japan are pushing waves of investor cash into markets from Brazil to South Africa that suffered big losses as recently as this past winter. Government-bond yields in the U.S. and Germany hit 2014 lows on Wednesday in response to the latest signs of soft Western growth.
http://tinyurl.com/lvzrk6n
-Igor P Purlantov
Friday, May 16, 2014
India Markets Soar to New Record
Indian shares soared to new peaks on Friday after early returns suggested a resounding election victory for the pro-business BJP party, while a weak performance on Wall Street kept other emerging markets subdued. Analysts say measures taken by the outgoing Congress party and the Reserve Bank of India have stabilised Indian markets in recent months, but gains have accelerated since the BJP named Narendra Modi as its candidate for prime minister in mid-September.
http://tinyurl.com/mmxk6vt
-Igor P Purlantov
Thursday, May 15, 2014
UAE and Qatar Get Emerging Market Status
Global markets index provider MSCI late on Wednesday officially reclassified the MSCI UAE and MSCI Qatar Indexes from Frontier Markets to Emerging Markets, coinciding with the May 2014 Semi-Annual Index Review. “MSCI’s reclassification of these countries and their upcoming inclusion in our flagship MSCI Emerging Markets Index reflects the broader global opportunity set available to international institutional investors today,” said Baer Pettit, Managing Director and Global Head of the MSCI Index Business.
http://tinyurl.com/k3rxkfd
-Igor P Purlantov
Wednesday, May 14, 2014
Emerging Markets Buy Cheap Dollars to Build Reserves
Nations from Colombia to Indonesia are taking advantage of the longest emerging-market currencies rally since 2009 to pile up record reserves, bolstering their ability to fend off the next foreign-exchange crisis. The 12 developing nations with the biggest foreign reserves outside of China added $34 billion in the past three months, lifting their combined holdings to $2.98 trillion on April 30, the most since Bloomberg began compiling the data in 2008. A gauge of 20 emerging-market currencies is recovering after tumbling in February to the lowest level since April 2009.
http://tinyurl.com/ptlnoy7
-Igor P Purlantov
Tuesday, May 13, 2014
Pioneer Investments Bets on Emerging Markets
Count Pioneer Investments among the big money managers dipping a toe in emerging markets again after years of disappointing returns for the asset class. The Boston-based money manager, which oversees roughly US$250 billion in assets, this month began to move money into emerging markets, where it had previously been running an underweight position, said group chief investment officer Giordano Lombardo.
http://tinyurl.com/ko5zkxb
-Igor P Purlantov
Monday, May 12, 2014
Calls to Scoop Up Emerging Market Assets
Emerging market assets have suffered through a brutal selloff, but now the sentiment tide is taking a sharper turn toward the once-shunned segment. "It's been a tough 12-18 months for emerging markets. We find that positioning in these markets just broadly across the region is at its lowest point in years," Gokul Laroia, co-CEO for Asia Pacific at Morgan Stanley, told CNBC.
http://tinyurl.com/k65mueyFriday, May 9, 2014
Emerging Markets: Investing in the Philippines
When it comes to emerging markets, the average investor is focused on Brazil, Russia, India and China – known as the BRIC countries. But some smaller developing countries are also worth a look as they pull ahead in terms of economic growth and attract booming industries. One notable example: The Philippines grew its gross domestic product 7.2 percent in 2013, and the country has trumped India as the leading destination for call centers. Large corporations including JP Morgan Chase and Procter & Gamble recently expanded operations there.
http://tinyurl.com/kssrdex
-Igor P Purlantov
http://tinyurl.com/kssrdex
-Igor P Purlantov
Thursday, May 8, 2014
Nintendo to Introduce Console for Emerging Markets
Nintendo Co Ltd plans to introduce a new kind of games console and software for emerging markets as early as next year, to capitalize on higher entertainment budgets amidst a growing middle class, its chief executive told Reuters on Thursday. Satoru Iwata said Nintendo would develop hardware and games oriented towards consumers with lower incomes and less gaming experience than those in developed countries.
http://tinyurl.com/kmnfbof
-Igor P Purlantov
Wednesday, May 7, 2014
Emerging Market Growth in Developed Market Stocks
Emerging market equities are not for the faint of heart. Even the most iron-bellied investors in the sector have had their share of heartburn over the past year. First there was Fed tapering … and the slow-motion currency crisis that followed in Turkey, South Africa and Argentina, among others. Then there was the on-again/off-again unrest in Turkey and Venezuela. And now, we have the Russia/Ukraine crisis that has yet to be resolved.
-Igor P Purlantov
Tuesday, May 6, 2014
Breaking Into a Volatile (But Rewarding) Emerging Market
Every economist has an opinion on the economic viability of emerging markets -- and those opinions rarely correlate. Emerging markets are shape-shifting creatures and this lack of fix creates tension among investors and businesses alike. However, the business opportunities in BRIC nations (Brazil, Russia, India and China), are copious and companies that have enjoyed global success know that small actions can make a huge difference. As such, business owners shouldn’t let the recent market instabilities put them off emerging economies. A little strategic thinking will allow entrepreneurs to identify the market opportunities in these volatile but rewarding economies. It just takes a little extra acumen.
Igor P Purlantov
Monday, May 5, 2014
The Value Shift is on in Emerging Markets, Too
The recent woes suffered by momentum stocks and exchange traded funds are well-documented. At this point, it is not a stretch to say plenty of investors are aware that ETFs that were last year’s darlings have fallen out of favor. That list includes large, well-known funds such as the iShares Nasdaq Biotechnology ETF and the First Trust Dow Jones Internet Index Fund. However, the shift to value sectors and ETFs from momentum plays has not been confined to U.S.-focused offerings. The same rotation is afoot in emerging markets.
http://tinyurl.com/lv6j73b
-Igor P Purlantov
Friday, May 2, 2014
Emerging Markets Are "Extremely Cheap"
David Lebovitz told Bloomberg there is uncertainty in the market at the moment. He said that when considering opportunities for long term investors he would choose emerging markets as they are "extremely cheap". This would represent a buying opportunity in the equity markets, with potential soon for the same opportunity in debt markets.
Thursday, May 1, 2014
Emerging Markets That Merit a Closer Look
The place to look for stock bargains may finally be among developing economies, where share prices collectively are down 17% from their recent spring 2011 peak and stocks are trading at an average price/earnings ratio of 10.7 -- a 40% discount to shares of developed nations. Notes Jeff Shen, head of emerging markets at BlackRock: "That's about the widest spread in more than 15 years."
http://tinyurl.com/mova3qe
-Igor P Purlantov
http://tinyurl.com/mova3qe
-Igor P Purlantov
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