Goldman on BRICs and the N-11
In case you missed this on Barry's site.
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4 comments:
Hi,
Thanks for your Blog, it's quite interesting. I'm quite interested in international stocks and funds, mainly because of foreign economic growth rates and because of a long term decline in the US dollar.
Whether 2007 will be a good "equity year" is problematic. However rather than buying foreign bond funds I'd also like to pick some high yielding foreign stocks.
Is there a good website or screening technique to select foreign high-dividend stocks for further study? Thanks, OldVet
a good screener? I'm sorry I don't know.
I would suggest looking at the components of the various, foreign WisdomTree funds, other foreign ETFs and the single country CEFs.
See what they hold and then research those stocks. That will cover a lot of ground but not all.
I found the report interesting and possibly useful but consider some of the results rather dubious: Overall index values for Brazil and India are on a par with the Philippines for example.
Think I'll want to read it more closely and delve into their methodology a bit more; e.g., some of the variable types such as "human capital" and "political conditions" are difficult to quantify much less project four decades into the future.
Still, I'm inclined to agree that there are not many other countries likely to reach BRIC-like economic levels and/or global impact: Mexico perhaps, Korea maybe, and a couple interesting long-shots such as Vietnam; Turkey could surprise too if entry into EU stabilizes them sufficiently. That's not to say there aren't interesting growth prospects in other developing countries of course, just probably not 'BRIC-like.'
As a side-note, iPath India (INP) looks promising -- apparently the ETN structure permits tactics such as direct ownership of Indian assets that are otherwise difficult to implement (largely because of bureaucratic and/or legal impediments) -- but before investing I'd still prefer more performance history as well as a better handle on how ETN's are going to be handled from a tax standpoint.
PS: 2nd attempt to post, first appears to 'burp' (not sure about this new blogger software)
RW
where these things are concerned i tend to care more about the things they think are important think broader, as opposed to specific narrow conclusions.
I tend to draw conclusions for myself over longer periods of time after taking in more info
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