I’m out of the office today attending a morning chunk of the Bloomberg Portfolio Manager Mash-Up this morning at the Union Square Ballroom in NYC. At the end of last year I mentioned a comeback for emerging markets investing as something I felt had a high likelihood of happening. Here we are six week into the year and even I’m surprised at how nicely many emerging countries have done stock-wise so far.
Having underperformed for years (relative to the US), I think this is a trend that could have legs through 2012. As this is the case, I’m very excited to attend these two sessions in a bit:
|10:35 am||EMERGING MARKETS: OLD AND NEW
What is the outlook for emerging markets in 2012 as they contend with a euro zone in protracted and deepening crisis and a general malaise around developed markets?
According to Bloomberg data, BRIC funds recorded $15 billion of outflows this year as the MSCI BRIC Index dropped 23 percent. Have BRICs seen their best decade? Which frontier markets are next in line to succeed Brazil, Russia, India and China in leading the world’s growth in 2012 and beyond?
With governments of developed economies facing more than $7.6 trillion of maturing debt this year, will investor pump money into emerging market debt? We’ll examine the expected performance of emerging market external and local debt as well currencies in 2012.
|11:15 am||BETTING ON CHINA
Does China present an opportunity for advisors and investors looking for alternatives to the fiscal and financial crisis plaguing the U.S. and the European Union? Or does China, in 2012, present its own cautionary tale? We’ll examine the downside risks to growth in the world’s second largest economy and measures the government is likely to take to stabilize prices.
After the dramatic decline of Sino-Forest following allegations of fraud, how should investors evaluate governance and accounting policies of Chinese- listed companies?
I hope to be able to share a bunch of what I learn with you guys later on.