Mac Murray

Posts Tagged ‘overseas investing’

The Post American World

In DEEP Investing, EMERGING Markets, INTELLIGENT Investor on December 12, 2009 at 10:07 AM

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Highest Year-to-Date Returns in 10 Years as of November 15 2009

In EMERGING Markets, INTELLIGENT Investor on November 17, 2009 at 9:58 AM

Presenting the highest year to date returns in 10 years.  If your funds are languishing in a savings account or time deposit, read ’em and weep.

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An interview with Sir John Templeton

In Investment GIANTS on October 20, 2009 at 5:40 PM

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The pioneer of global investing and founder of the first Emerging Markets investment fund.

JP Morgan turns ‘very bullish’ on Philippines

In EMERGING Markets, PSE CURRENT Affairs on May 19, 2009 at 4:04 PM
J.P. Morgan Securities Philippines, Inc.

J.P. Morgan Securities Philippines, Inc.

MANILA, Philippines — Global financial services giant JP Morgan is telling investors to fatten their exposure in the Philippines, saying the country’s prospects are boosted by low interest rates, a strong peso, reforms in the power sector, an encouraging mining industry, and government mega-infrastructure spending.

JP Morgan is keeping its “overweight” call on the Philippines and advises investors to increase their holdings in the country, JP Morgan Securities (Asia Pacific) Ltd. chief Asian and emerging markets equity strategist Adrian Mowat said after an investor conference late Thursday.

It was JP Morgan’s first investor conference in the Philippines since the 1997-98 Asian economic crisis affected the country. The conference attracted around 80 fund managers, mostly from abroad.

“Now, investors are waking up to this market and people are increasingly going to a plane and coming back to Manila,” Mowat said.

“You live in a relative world when you look at emerging markets,” he said. “The Philippines started performing only in August last year. The reforms in the power sector are all relatively new, the movement in onshore bond yields is relatively new.”

JP Morgan Securities Philippines Inc. head of equity research Kelly Lim-Bate said there were four key drivers that would keep investors glued to the Philippine growth story this year.

She said these were a strong peso because of the country’s similarly robust balance-of-payments position; interest rates that would continue to be low and in turn spur loan growth; the government’s P1.7-trillion infrastructure spending program; and foreign direct investments coming back into the country, specifically in manufacturing, power and mining.

Source: Inquirer dated May 19, 2009