Emerging Market Quotables (May 22, 2017)
Actionable emerging market investing quotes from http://www.emergingmarketskeptic.com
Also check out our emerging market ETF lists, ADR lists and closed-end fund lists along with our general investing tips / advice and our new list of Brazil ADRs / Stocks.
Stocks with 10% or More Sales Exposure to Brazil (Goldman Sachs)
Invesco Manager: Brazil a “Sinkhole of Corruption Still Searching for a Bottom” (Forbes)
“You still have to be careful with Brazil because it is a sinkhole of corruption still searching for a bottom. Brazil is cheap right now because we haven’t seen the results of that tape yet. If Temer did offer hush-money, we will go lower. I think you should be reducing risk where it is appropriate and wait for things to unfold. We can see another downside easily. I’m not adding…”
“…Pension and labor reforms are highly critical for us on Brazil. Without it, the debt will spiral out of control and you’re now on a path to a single B rating.”
Sean Newman, a senior portfolio manager at Invesco
India Fund Managers Divided Over Whether Further Gains are Likely (FT)
The India stock market’s 14.9% rally since January 1 has divided opinion among fund managers who disagree over whether Indian stocks can make further gains. “The most common question that I am asked by investors is, ‘Have I already missed the boat?’, but the answer is no. The outlook for India over the next few years is particularly positive”
Kunal Desai, manager of Neptune’s £93m India equity fund.
Morgan Creek Capital’s Yusko: “Killer Ds” Will Hurt the Developed World (CNBC)
Fragility Index: The World is More Stable Than the News Suggests (Economist)
P&G: Betting on China, But Vulnerable to FX Fluctuations (USA Today)
Worldwide economic woes and sagging currencies from the Brazilian real to the Japanese yen have effectively wiped out $9 billion in total sales in the past two years. With nearly 60% of its sales outside the U.S., P&G is one of the 20 most vulnerable Fortune 500 companies to foreign exchange.
Infographic: Why Emerging Market Stocks Aren’t All the Same (Charles Schwab)
Other Emerging Market Investing News Worth Reading
Argentina Rises as Brazil Sinks on Bad News (Barron’s)
Nomura’s Morden: Argentina Faces Risks From the Duration of Brazil Contagion (Barron’s)
Shares of Argentina’s Stock Exchange Operator to Trade Publicly (Bloomberg)
General Motors to Leave South Africa (Moneyweb)
‘Car Manufacturers Have Lost Confidence in South Africa Economy’ (SABC)
General Motors to Stops Selling Chevrolet in India (BusinessLine)
Why GM Never Found the Spark In India (BusinessLine)
Foreign Car Brands that Failed in India (Financial Express)
Pacific Investments Takes 50% Stake in Emerging Markets Manager North of South Capital (P&I)
How Israel Became a Capitalist Economy (Bloomberg)
Emerging Market Investing Tips
3 Ways to Structure an Emerging Markets Portfolio (Barron’s)
Why Commodities Don’t Belong in Portfolios (Institutional Investor)
Downgraded Countries Were Top Emerging Market Performers in 2016 (IOL)