Interview in the WSJ:
"It was more than amusing when there was this crazy view around some mass crisis in the emerging world in January which turned out to be, surprise surprise, nonsense.
In fact in 8 of the Next Eleven Countries*, their stock markets have had double digits returns since the beginning of the year.
He is very positive on Chinese consumer related stocks and global consumer stocks
He considers the Russian stock market very interesting because it is so cheap , where he is personally staying away till Putin makes clear his intentions on Ukraine, although these events have made him very popular in Russia. He will be looking closely to the Russian market and see when the fundamentals prevail.
He is positive on Indonesia and India.
And in Africa he is positive on Nigeria
He like China's consumer related stocks and likes peripheral Europe
He's indifferent to the U.S. Stock market. He sticks with the five day rule for the S&P, whenever the stock market goes down for the first five days of a year, which the S&P did this year it will be a down year for the year as a whole. The U.S. market could go up or down".
.*The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico,Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam – identified by Goldman Sachs investment bank and economistJim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century.
"It was more than amusing when there was this crazy view around some mass crisis in the emerging world in January which turned out to be, surprise surprise, nonsense.
In fact in 8 of the Next Eleven Countries*, their stock markets have had double digits returns since the beginning of the year.
He is very positive on Chinese consumer related stocks and global consumer stocks
He considers the Russian stock market very interesting because it is so cheap , where he is personally staying away till Putin makes clear his intentions on Ukraine, although these events have made him very popular in Russia. He will be looking closely to the Russian market and see when the fundamentals prevail.
He is positive on Indonesia and India.
And in Africa he is positive on Nigeria
He like China's consumer related stocks and likes peripheral Europe
He's indifferent to the U.S. Stock market. He sticks with the five day rule for the S&P, whenever the stock market goes down for the first five days of a year, which the S&P did this year it will be a down year for the year as a whole. The U.S. market could go up or down".
.*The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico,Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam – identified by Goldman Sachs investment bank and economistJim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century.
