We discuss volatility and opportunity in three major emerging markets. Despite the recent sell off in Russia, other oil exporting countries and emerging markets in general, the standard investment view has been that three of the BRICs – China, India and Brazil – are just too big and consequential to be ignored. This week’s guests concur. Kenneth Lowe, Portfolio Manager of the Matthews Asia Focus fund and the Matthews Asian Growth and Income fund, and David Nadel, Director of International Research for Royce & Associates and Portfolio Manager of several funds, including the Royce International Smaller-Companies fund, will discuss the opportunities they are seeing in Brazil, China and India.
Read David Nadel’s white papers on India and Brazil here:
Download: WHAT COLUMBUS MISSED: Royce Rediscovers India [pdf]
Download: The New Brazil: Time to Join the Carnival? [pdf]
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NADEL: EMERGING MARKET MANAGER
Ashmore Group PLC (ASHM) London Stock Exchange
LOWE: ASIAN LIFE INSURANCE
AIA Group Ltd ADR (AAGIY)
Price: $21.36 on 12/16
52-week range: $17.92 – $23.42
KENNETH LOWE: ALIBABA EVOLVING
Portfolio Manager Kenneth Lowe from Asian mutual fund specialists, Matthews International Capital Management analyzes companies from several vantage points, including value and past performance. How does hot Chinese media firm Alibaba stack up? We asked him.
DAVID NADEL: RUSSIAN EXPOSURE
Russia is probably the last market in the world investors want to consider right now, but for contrarian investors looking for value it’s like a siren’s call. David Nadel, Director of International Research at small cap fund pioneer Royce & Associates and Portfolio Manager of the Royce International Smaller-Companies Fund is tempted.