Book description
The fifth installment of the Fisher Investments On series is a comprehensive guide to understanding and analyzing investment opportunities within emerging markets. Growing in relative importance in recent years, emerging markets offer dynamic and unique opportunities. Fisher Investments on Emerging Markets can benefit both new and seasoned investors, covering everything from regional basics to country-specific insights to practical investing tactics, including common pitfalls to avoid.
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.
Table of contents
- Copyright
- Foreword
- Preface
- Acknowledgments
-
I. GOING BACKWARD TO MOVE FORWARD
- 1. THE FIVE WS OF EMERGING MARKETS
-
2. LIONS, TIGERS, AND DRAGONS, OH MY!
- 2.1. ROAR OF THE TIGERS
- 2.2. TO THE BRINK OF EXTINCTION—THE ASIAN FINANCIAL CRISIS
- 2.3. CRISIS CAUSES
- 2.4. LESSONS AND LEGACIES
- 2.5. THE DRAGON UNLEASHED
-
2.6. THE HISTORY OF CHINA'S STOCK MARKET—A LESSON IN SUPPLY AND DEMAND
- 2.6.1. A Brief History of Chinese Market Returns
- 2.6.2. The Supply and Demand of Equities
- 2.6.3. The Curious Case of Chinese A-Shares
- 2.6.4. Supply Fears Feed the Bear
- 2.6.5. Share Reform Unleashes the Bull
- 2.6.6. Capital Controls and the Demand Side
- 2.6.7. The Government as Ultimate Arbiter
- 2.6.8. Lessons and Legacies
- 3. LATIN AMERICA AND THE VAGARIES OF BOOM AND BUST
- 4. FROM THE RUBBLE OF THE IRON CURTAIN TO THE LEGACY OF APARTHEID
-
II. DEVELOPING AN EMERGING MARKETS STRATEGY
- 5. FROM THE PAST TO TODAY—HOW TO APPROACH EMERGING MARKETS
-
6. DEVELOPING PORTFOLIO DRIVERS
- 6.1. THE IMPORTANCE OF PORTFOLIO DRIVERS IN EMERGING MARKETS
- 6.2. THE PROPER PERSPECTIVE
- 6.3. IDENTIFYING PORTFOLIO DRIVERS
- 6.4. TRANSLATING DRIVERS INTO PORTFOLIO ALLOCATION DECISIONS
- 6.5. AN ILLUSTRATION IN ANALYZING PORTFOLIO DRIVERS—BRAZIL DURING THE 2003–2007 BULL MARKET
- 6.6. WHAT CAN DRIVE EMERGING MARKETS AS A CATEGORY
- 6.7. GETTING INFORMATION TO DEVELOP DRIVERS
- 7. SECURITY ANALYSIS
- 8. PUTTING IT TOGETHER
-
Notes
- 8.5. CHAPTER 1: THE FIVE WS OF EMERGING MARKETS
- 8.6. CHAPTER 2: LIONS, TIGERS & DRAGONS, OH MY!
- 8.7. CHAPTER 3: LATIN AMERICA AND THE VAGARIES OF BOOM AND BUST
- 8.8. CHAPTER 4: FROM THE RUBLE OF THE IRON CURTAIN TO THE LEGACY OF THE APARTHEID
- 8.9. CHAPTER 5: FROM THE PAST TO TODAY—HOW TO APPROACH EMERGING MARKETS
- 8.10. CHAPTER 6: DEVELOPING PORTFOLIO DRIVERS
- 8.11. CHAPTER 8: PUTTING IT TOGETHER
- About the Author
Product information
- Title: Fisher Investments on Emerging Markets
- Author(s):
- Release date: December 2009
- Publisher(s): Wiley
- ISBN: 9780470452363
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