Opportunities in Emerging Markets: Investing in the Economies of Tomorrow
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The practical guide to investing in emerging markets
Though potentially risky, investing in emerging markets can offer extremely attractive returns. Opportunities in Emerging Markets offers practical advice for investors based on the real life experiences—both positive and negative—of practitioners, pioneer investors, and local heroes with experience in frontier markets. Exploring how every developing market has its own unique regional cultures and social structures that change the way investors invest, and must be understood in order to make wise investments, the book combines standard approaches to investing with the exigencies of frontier markets to create an invaluable framework for success.
A collection of useful ideas that investors—institutions, general partners, limited partners, or shareholders—can draw upon when investing money in emerging markets, the book includes essential information on one of the most attractive opportunities for beating traditional markets and investments. If access, downside, and predictability can be managed, there's a great deal of money to be made in emerging markets, and this book shows how. Both investors and investment managers need to understand fundamental success factors, real framework conditions, and hidden pitfall and in Opportunities in Emerging Markets, author Gordian Gaeta analyses these intricacies in depth.
• Gives investors of all kinds the information they need to succeed in emerging markets
• Incorporates real life experiences—both good and bad—to help readers avoid common mistakes and maximize their returns
• Includes interviews with Mark Mobius, Jim Rogers, Marc Faber, and other leading names in the emerging markets sector
For those traders brave enough to engage in high-risk/high-return investing, Opportunities in Emerging Markets is an excellent overview of the world's toughest frontier markets and how to conquer them. Featuring interviews with some of the top investors in the field, this is the definitive guide to the perils and pitfalls of investing in these highly volatile markets.
bowl with chopsticks or from a common bowl with serving chopsticks. In the Middle East, joint eating of the common unleavened bread with various meats and vegetables placed in the center of the flatbread, for sharing, will be common. It is said that business is discussed during the day and agreements finalized in the evenings during a meal. If this is so, then learning to adopt and adapt to different eating styles becomes a necessity, not a choice. Manners Maketh the Businessman Experts
the Investment Management Team in the role of a research analyst overseeing the hedge fund product line. During the last two years, he was also involved at the Thurgauer Wirtschaftsinstitut (TWI) as research assistant heading the implementation of a long-term project for regional economic research. Josuah Rechtsteiner holds a diploma in economics (master of science in economics) from the University of Konstanz (Germany). MALCOLM RIDDELL As investment banker, lawyer, diplomat, and CIA spy,
90 markets that can be considered investable for private equity from an overall perspective (see Figure 5.12). That is about half of all economies globally. FIGURE 5.12 Number of Countries and Level of Freedom (1995–2012) Source: The Heritage Foundation, 2012, author’s analyses. The opportunity is therefore larger than generally recognized. Specifically for private equity, the number of markets that meet the basic criteria for successful private investment is growing. For private equity to
contributions of the equivalent of sovereign funds and received several hundred millions of pounds of commissions in their private offshore accounts,6 all properly and publicly documented in the prospectus to shareholders of Barclays Bank PLC and voted on by shareholders. As a consequence, some concessions need to be made on the rule of law because weaknesses are inherent in the nature of any emerging economy. Various indexes can be taken to measure progress on the rule of law criterion. The
disputes or restructuring. Several recent high profile cases attest to this risk. Given the available wealth and investment appetite, MENA region stock markets, in particular GCC stock markets, should become one of the most attractive future emerging markets. Economic growth (see Table 10.2), even taking into account the Arab Spring and slowdown of developed economies on which the region somewhat depends, is projected to be consistently high, except for Egypt, and rising resource prices should