Your Ticket to Investing in Emerging Markets Smarter than the MSCI EM Index.
Take some profits at 420 on the Index after strong run.
The trading week started on an ominous note as the death of North Korean dictator Kim Jong Il forced local governments to prepare for the eventuality of a power vacuum in the isolated but nuclear-armed nation.
Data from across Asia show the troubles in the West, and tighter money, are starting to be felt in the manufacturing economies of the East.
Korean steelmaking heavyweight Posco has seen a revival in global demand, although expansion is tricky in the face of higher raw material costs.
For the week ended March 30, emerging markets stock funds saw their best new flows since early January. It is clear that global investors are back and focused again on the emerging world.
Brokers are finally catching up with what we have been saying for a month.
When I spoke with Jim O’Neill, creator of the “BRIC” category a few months ago, he was particularly bullish on the “next 11″ countries, including Egypt. How does he stand now?