Offshore Capitalist

Category Archives: Emerging Markets

Emerging markets show their mettle

From The Observer
Emerging markets have been the place to invest over the past decade. While the FTSE 100 is down more than a quarter since it peaked in December 1999, and the S&P 500 in the US by 28%, markets in Brazil, India and Russia have more than trebled in value, while China has doubled, [...]

Ian Henderson on China driving commodity prices

With China consuming 50% of the world’s iron ore and at least 20% of the world’s other commodities the country is set to be a leading driver of the natural resources sector, according to JP Morgan manager Ian Henderson.
Henderson, who manages the JPM Natural Resources fund, said that the region is well on track to [...]

EBRD revises down 2009 economic forecasts, sees fragile recovery in 2010

The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year. Signs of positive growth in the third quarter of 2009 suggest that the recession is now bottoming out in many countries of the EBRD [...]

Strong China trade figures point to recovery

BEIJING (Reuters) – China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world’s third-largest economy is firmly on a recovery track and that global demand is improving too.
Exports in September fell 15.2 percent from a year earlier, beating forecasts of a 21 percent fall, while imports fell just 3.5 percent — [...]

A fund for BRIC equity

Schroder ISF BRIC USD
The fund aims to provide capital growth primarily through investment in equity securities of Brazilian, Russian, Indian and Chinese companies.
Click for: Factsheet; source.  Morningstar performance (ISIN: LU0228659784)
via: Schroder ISF BRIC (Brazil Russia India China) A Acc – ptassetmgr – Schroders .

Russia Chart – MICEX

The MICEX Index.  NB – currency is RUB.
Click image to view full size or click below for source.
via MICEX / Indices & Market Data / Technical analysis.

Russia Chart (RTSI) – Marketwatch

The ten-year chart of RTSI Index.
Click the image to see full size, or click below for source.
via RTSI Index Charts – Russia Index Charts.

Russian RTS Index shows the fastest growth in the world in 2009

September 30th 2009. The RTS Index, the leading benchmark of the Russian stock market, has doubled in value since the beginning of the year, making it the best performing major world index for the 9 months of 2009, according to MarketWatch, part of The Wall Street Digital Network.
On Tuesday, September 29, 2009 the RTS Index [...]

Brazil is the first Latin American country to emerge from recession

Brazil is the first Latin American country to emerge from recession—and one of the earliest among the G-20 countries to have done so—following a 1.9% quarter-on-quarter expansion in economic activity in the April-to-June period. Whereas the global environment remains difficult and the export sector therefore continues to struggle, the strength of domestic demand has propelled [...]

World Bank Provides US$4.3 Billion to Support India’s Economic Stimulus, Infrastructure Investments

WASHINGTON, September 22, 2009 – The World Bank today approved four projects worth US$4.3 billion to India, designed to support the Government’s infrastructure agenda and bolster its economic stimulus program.
After a period of high economic growth — which reached 9.7 percent in 2006-07 — the onset of the global financial crisis in 2008 saw India’s [...]

Why China must do more to rebalance its economy

The data coming out of China suggest a powerful recovery is indeed under way.  In the first half of the year, noted the premier, gross domestic product expanded 7.1 per cent. The September consensus forecasts suggest that the Chinese economy will expand 8.3 per cent in 2009 and 9.4 per cent in 2010.  The Asian [...]

China Chart – Yahoo! Finance

Update on chart for SSE Composite Index (Shanghai), with 100-day and 200-day moving averages.
Click image to view full size.

India Chart – Yahoo! Finance

Chart update – 10 years BSE SENSEX – with 100-day and 200-day moving averages.
Click image to view full-size.

Templeton China – Market Commentary

Extracts from the Templeton China August 2009 fund manager commentary.
• Concerns regarding policy tightening in China dragged regional markets down in August, although Chinese Premier Wen Jiabao stated that the government would maintain its current macroeconomic policy to ensure continued growth in the domestic economy.
• We believe the outlook for China remains positive due to [...]

A risky time to dabble in China

Investors have long been told there are riches to be earned from China’s booming stockmarket.  But one fund manager believes that there is reason to believe now is a risky time to be investing in the superpower, with the market overdue a pull-back.
James Donald, the head of emerging markets at Lazard Asset Management is a [...]

First State Greater China Growth gets ‘Elite’ qualitative rating from Morningstar

First State Greater China Growth sets the standard for others to follow, according to Morningstar.
There are multiple reasons why we hold this fund in such
high regard, not least its investment team. Lead manager
Martin Lau has a wealth of experience, and has managed
the Irish-domiciled version of the fund since 2002 and this
UK-domiciled offering since its late [...]

Resilient Asia Poised to Lead Recovery from Global Slowdown, Says ADB

HONG KONG, CHINA – Developing Asia is proving to be more resilient to the global downturn than was initially thought, the Asian Development Bank (ADB) says in a new major report.
The Update to ADB’s flagship annual economic publication, Asian Development Outlook (ADO) 2009, released today, forecasts economic expansion in developing Asia to come in at [...]

  • Welcome to Offshore Capitalist

    Do dramatic financial headlines every day drive you crazy? Forget them! Drop by Offshore Capitalist every now and then to catch the useful stuff.