Emerging market investment advice from a seasoned pro Mark Mobius, the man the Wall Street Journal has proclaimed "e;the King of the Emerging Market Funds,"e; spends eight months of the year traveling the globe in search of hidden market bargains overseas and in Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised Edition, he shares what he's learned. In a globetrotting tour taking you from the Baltic coast to Brazil, Mobius reveals his own experience-tested guidelines for investing abroad. Analyzing companies and new markets, identifying potential pitfalls and overlooked values, crunching numbers and meeting the local players, he knows where true growth is, and with this book in hand, you will too. Presenting a straightforward, practical investment philosophy based on one key, indisputable fact: that the rest of the world's economies have far more potential for growth than our own, Passport to Profits shows even the most casual investor how to view investing abroad, how to devise a global investment strategy, and the pros and cons of buying individual stocks or mutual funds. The development of stock market infrastructures in emerging economies has opened up potential for impressive returns, and this book is your guide to cashing in. Illustrates the four keys to determining if a country is investment-friendly and how to gauge political climates for great investment opportunities Analyses the 2008 crisis and its implications for the development of the emerging financial markets Explains the rules for investing abroad that too many investors fail to understand An adventurous and honest insight into the art of investing in emerging international markets, Passport to Profits provides the hands-on experience you need to balance the risks and reap the rewards of global investing, right from the comfort of your home.
InhaltsangabePreface: Why This Book? Why Now? vii
Acknowledgments xi
PART I ON THE FRONTIER OF EMERGING MARKETS
CHAPTER 1 Introduction to Emerging Markets 3
CHAPTER 2 Hope, Growth, and the Investing Process 33
PART II THE BOOM—EASTERN EUROPE
CHAPTER 3 Baltic Boom 73
CHAPTER 4 All the Riches in Russia 111
PART III THE BUST—ASIA
CHAPTER 5 Hong Kong 157
CHAPTER 6 Hong Kong, Part II: "Catching a Falling Knife" 183
CHAPTER 7 Thailand: Ground Subzero 213
PART IV BEATING THE ODDS—LATIN AMERICA
CHAPTER 8 Is Brazil the Next Domino? 253
PART V THE FINAL FRONTIER—AFRICA
CHAPTER 9 Nigeria 293
CHAPTER 10 South Africa 311
Conclusion: Winners and Losers 337
Author's Note 365
Index 367
Preface: Why This Book? Why Now? vii
Acknowledgments xi
PART I ON THE FRONTIER OF EMERGING MARKETS
CHAPTER 1 Introduction to Emerging Markets 3
CHAPTER 2 Hope, Growth, and the Investing Process 33
PART II THE BOOMEASTERN EUROPE
CHAPTER 3 Baltic Boom 73
CHAPTER 4 All the Riches in Russia 111
PART III THE BUSTASIA
CHAPTER 5 Hong Kong 157
CHAPTER 6 Hong Kong, Part II: "Catching a Falling Knife" 183
CHAPTER 7 Thailand: Ground Subzero 213
PART IV BEATING THE ODDSLATIN AMERICA
CHAPTER 8 Is Brazil the Next Domino? 253
PART V THE FINAL FRONTIERAFRICA
CHAPTER 9 Nigeria 293
CHAPTER 10 South Africa 311
Conclusion: Winners and Losers 337
Author's Note 365
Index 367
