What do a discount retailer in Turkey, a wealth manager in China and a pharmaceutical group in Mexico have in common? They are all high-quality companies, that are fairly valued and well governed. And this makes them three of my favourite stocks.
Despite short-term macro-economic headwinds, emerging markets (EM) are on a sustained upcycle as aggressive Covid-19 vaccinations begin globally, and the market shifts its focus to re-opening trade and the medium- to long-term structural growth potential not currently captured by EM valuations.
The case for emerging markets is easy to find in the numbers: 5.8bn of the global population of 7.2bn people live in emerging market countries, and by 2023, 80% of the world’s middle-class consumers will live outside Europe and the US. The growth potential in these markets is massive, which makes a strong case for holding stocks in high-quality companies across these regions.
Just be careful to abandon core investment fundamentals in unfamiliar territories. When heading into new markets, investors need to have a clear philosophy, and they need to conduct rigorous due diligence. Here are three quite different stocks in three different countries that I am bullish about.
BIM
この記事は Finweek English の 9 July 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Finweek English の 9 July 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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