Market Update – CIVETS Recent Sweethearts
Recent sweethearts
CIVETS
March in like a Lion, Out Like a Lamb for Emerging Markets
In March, emerging market equities put in their worst month since May 2012 with the iShares MSCI Emerging Markets Index (EEM, quote) down by -1.9%, while extending the underperformance to developed equities, as measured by the SPDR S&P 500 ETF (SPY, quote), to -12.6% from the Jan 2, 2013 to month end.
What you need to know about emerging markets today
Did you know that Turkish banks as a group will show net profit this quarter of 39%+ year over year — an all-time high.
Asia rebounding in emerging market money flows
Staying with the emerging market vs. domestic market trade, UBS is out with their Global Emerging Market Strategy Report, otherwise known as GEMS.
What is the difference between a developed, emerging, and frontier market?
For amateur investors, discerning what exactly differentiates developed, emerging, and frontier markets can be challenging. Today, we’ll try to clarify some of these important distinctions for people looking to invest overseas.
Vietnamese economy: undertaking necessary reforms
In the face of slowing global growth, the Vietnamese economy (VNM, quote) remains well positioned to continue to grow this year, even as other export-dependent economies around the world struggle.
Why Moody’s reaffirmed its negative outlook on South Africa
Citing ineffectual and capricious government policy, Moody’s has reaffirmed its negative outlook on South Africa’s credit rating, as its economy (EZA, quote) is now experiencing slower growth in addition to stubbornly high unemployment.
The frontier beyond BRICs: an introduction
There was fast money, mid-term investing, long term investing. Then came BRICs, and then CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) made their debut back in late 2009, to now even longer term plays known as frontier markets (encompassing 26 countries) with arguably everything in between.
