Buch, Englisch, 240 Seiten, Format (B × H): 154 mm x 234 mm, Gewicht: 417 g
Reihe: Fisher Investments Press
Buch, Englisch, 240 Seiten, Format (B × H): 154 mm x 234 mm, Gewicht: 417 g
Reihe: Fisher Investments Press
ISBN: 978-0-470-45236-3
Verlag: WILEY
This book begins with an overview of emerging markets, followed by a historical narrative of the major emerging market regions--with emphasis on the economic, political, and sentiment drivers that help shape the investing landscape.
* Discusses regional, and even country-specific, drivers.
* Examines the major regions, including Russia, China, Latin America, and Asia.
* Addresses the challenges unique to emerging and developing regions, and some common pitfalls to avoid.
* Delves into top-down investment methodology as well as individual security analysis.
* Outlines a five-step process to help differentiate firms in emerging markets--designed to help you identify ones with the greatest probability of outperforming
* Provides investment strategies for a variety of market environments
Filled with in-depth insights and expert advice, Fisher Investments on Emerging Markets provides a framework for understanding emerging markets. With this book as your guide, you can quickly gain a global perspective on emerging markets and discover strategies to help achieve your investing goals.
Autoren/Hrsg.
Weitere Infos & Material
Foreword.
Preface.
Acknowledgments.
Part I Going Backward to Move Forward.
Chapter 1 The Five Ws of Emerging Markets.
Who or What?
Where?
When?
The Most Important Question--Why?
But How?
Chapter 2 Lions, Tigers & Dragons, Oh My!
Roar of the Tigers.
To the Brink of Extinction--The Asian Financial Crisis.
Crisis Causes.
Lessons and Legacies.
The Dragon Unleashed.
The History of China's Stock Market--A Lesson in Supply and Demand.
Chapter 3 Latin America and the Vagaries of Boom and Bust.
The Political Economy of Latin America.
Till Debt Do Us Part--The 1982 Crisis.
The Tequila Crisis.
Chapter 4 From the Ruble of the Iron Curtain to the Legacy of Apartheid.
The Ruble of the Iron Curtain.
The Wild, Wild East.
Crisis Strikes Again--The 1998 Ruble Crisis.
Putin and the Modern Soviet State.
The Legacy of Apartheid--Race and Markets.
Part II Developing an Emerging Markets Strategy.
Chapter 5 From the Past to Today--How to Approach Emerging Markets.
Prelude to a Portfolio: Choosing a Benchmark.
Getting Started: Emerging Markets Today.
The Best Wayt to Think about Emerging Markets.
Putting It Together: The Top-Down Method.
Top-Down Deconstructed.
Examples of Quantitative Factor Screenings.
Chapter 6 Developing Portfolio Drivers.
The Importance of Portfolio Drivers in Emerging Markets.
The Proper Perspective.
Identifying Portfolio Drivers.
Translating Drivers Into Portfolio Allocation Decisions.
An Illustration in Analyzing Portfolio Drivers--Brazil During the 2003-2007 Bull Market.
What Can Drive Emerging Markets as a Category.
Getting Information to Develop Drivers.
Chapter 7 Security Analysis.
Make Your Selection.
A Five-Step Process.
Other Important Questions to Ask.
Chapter 8 Putting it Together.
Two Initial Considerations.
Instruments for Investing in Emerging Markets.
Common Challenges and Risks.
The Future--Frontier Markets.
Notes.
About the Author.
Index.
