Emerging Markets
November Mutual Fund Flows...What Fund Scandals?
Public does not yet seem to phased by the mutual fund scandals as November marked the ninth consecutive month of net inflow to U.S. focus mutual funds, totaling $133 billion of net inflow.
View From The North Country
Thermal pollution time again: Steve’s New Year predictions for the economy and his market outlook, including a look back at last year’s forecasts.
View From The North Country
Chasing the tale of past performance…The large cap indexing stampede. It’s not too late to get invested in emerging market funds. Also “Richer than your wildest dreams”…The advertising pitch of online trading firms. Who is protecting the public from this?
View From the North Country
The downside of leverage...lesson better off learned early in one's career, rather than later. Expanding our emerging Asia Pacific coverage to include ADRs. Observations from a Russian visit.
Bargain Basement Investing...Asia and Emerging Markets
Most investors, including professionals, find it emotionally difficult to act independently and contrarian. It is emotionally comforting to be in tune with the consensus....after all, going with the consensus won’t get you fired.
Asian Emerging Markets...Adding To Unconventional Portfolio Holdings
This month, we plan to add the First Philippines Fund to our Unconventional Portfolio.
Asian Emerging Markets—Buying the Weakness
An update on our Asia Pacific Market Opportunity Index.
Asian Emerging Markets...Adding To Our Portfolio
Looking for a potential double? Take a look at our Asia Pacific market opportunity index. High risk markets, but still down big (adding in May). Risk is tempered by the beating these markets have taken.
Asian Emerging Markets...Swinging For a Double
Looking for a potential Double? Take a look at our Asia Pacific market opportunity index. High risk markets but risk is tempered by the beating these market have taken.
Emerging Markets: Bottom Fishing
Some emerging markets continued to submerge in December, others stabilized and a few rallied.
Emerging Markets: Bottom Fishing
Emerging market opportunities? Established first bottom fishing investments in Korea and Malaysia in November.
Catch the Falling Knives
Further global emerging market turmoil could provide tactical opportunity to accumulate positions at bargain basement levels via closed end country funds. Now at discounts to NAV.
Speculative Fever Subsides (For Now)
In recent weeks, the speculative nature of the market has cooled some, and the flow into aggressive or emerging growth funds has subsided.
Global Mania (U.S. Induced)
Savvy U.S. professional investors have been buying foreign stocks for a number of years now. Somewhat more recently, pension funds have been focusing on foreign diversification. Now, in 1993 mutual fund investors have become increasingly enamored with foreign stocks.
Developing Europe.... A New Conceptual Sector Commitment
After the initial burst of enthusiasm, the turmoil and troubles of the past two years have brought expectations back down to reality or below. We view this as a second and better opportunity to initiate a “Developing Europe” investment theme.
View from the North Country
I spent two weeks during February in Chile, most of the time on a white water rafting adventure down the Bio Bio (Bee-0 Bee-0) river. Then, thanks to friends at N.M. Rothschild in London and their associates at Banco Bice in Santiago, I also spent part of my time learning more about the investment scene in Chile.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
