The mere fact that me, an emerging markets person, says something about Internet and the market reacts the way it has is and indication that people are very jittery. |
The new administration will make every effort to keep things on an even keel, business as usual. The Chinese are very happy to let Hong Kong hum along. As far as we are concerned, there is no reason to believe that because of change in the political administration there would be an impact on the financial market. |
The worst risk would be the politicization of the citizens in Hong Kong, where they become active politically and begin to demonstrate and oppose policies on the mainland, |
The worst risk would be the politicization of the citizens in Hong Kong, where they become active politically and begin to demonstrate and oppose policies on the mainland. |
The Y2K problem frankly is going to be seen in the developed countries. The emerging markets are going to be in much better shape than the U.S., Japan or the European countries. |
Their foreign reserves are down, ... Usually when governments claim they will not devalue, just the opposite occurs (and) if the ruble is devalued then there will be political fallout, so I think they must protect the ruble at all costs. |
Their foreign reserves are down. Usually when governments claim they will not devalue, just the opposite occurs (and) if the ruble is devalued then there will be political fallout, so I think they must protect the ruble at all costs. |
There is an example of a company that will not be impacted by a Y2K problem. They are so well diversified that problems in one area won't impact other areas. |
There's no reason to sell, because earnings growth is keeping pace with share prices. We're in an amazing period of history for many of these markets. |
We believe that in the long term, Russia has very, very good value, |
We feel Russia is at the start of a long development towards creating a more transparent functioning market economy. |
We were excited about Hong Kong two years ago and we put a lot of money there. Now we're more cautious because we're finding better bargains elsewhere. Quite frankly, we're investing in China. |
We were investing at this terrible time when emerging markets were all going down, some by 90-odd percent, and we are now benefiting from that, ... You had one crisis after another. You had Russia, Brazil, Thailand. We were investing in all of them. |
We're not at the danger stage yet, but we are at danger of getting there - and history does repeat itself. |
We're very bullish on emerging markets right now because of valuations, ... Valuations are so reasonable it makes sense to put money in. |