| Abstrakt: |
This article offers advice on investments in emerging markets. No less an expert on investing than Warren Buffett finds that the pickings are getting slim in North America. U.S. investors' non-U.S. equity assets have increased from 3.5% of their portfolios in 1987 to 13.9% in 2003. And why stop with the tamer foreign markets, like Japan, Canada and the U.K.? You could put a sliver of your equity money into really risky countries, known politely as emerging markets. This category includes stocks in such locales as Moscow, Russia, Bangkok, Thailand, and Nairobi, Kenya. Measured in dollars, the Morgan Stanley Capital International Emerging Markets Index was up 51% over the 16 months to Apr. 30, soundly beating the 25% return on the S&P 500. How to tap into non-U.S. markets? U.S. investors can buy into 2,200 individual foreign companies by getting their American Depositary Receipts. |
