Fisher Investments on Emerging Markets (Fisher Investments Press Series)

Fisher Investments on Emerging Markets (Fisher Investments Press Series)


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Product Details

ISBN-13: 9780470452363
Publisher: Wiley
Publication date: 12/14/2009
Series: Fisher Investments Press Series , #6
Pages: 224
Sales rank: 485,372
Product dimensions: 6.20(w) x 9.10(h) x 1.00(d)

About the Author

Austin B. Fraser is a research analyst at Fisher Investments with a focus on emerging markets and macroeconomic strategy. Prior to joining the firm, he worked at Cambridge Associates in Washington, D.C., as a research associate. He graduated from the University of Michigan, Ann Arbor, with a BA in history. Originally from Detroit, Michigan, he now resides in San Francisco.

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Table of Contents




Part I Going Backward to Move Forward.

Chapter 1 The Five Ws of Emerging Markets.

Who or What?



The Most Important Question—Why?

But How?

Chapter 2 Lions, Tigers & Dragons, Oh My!

Roar of the Tigers.

To the Brink of Extinction—The Asian Financial Crisis.

Crisis Causes.

Lessons and Legacies.

The Dragon Unleashed.

The History of China's Stock Market—A Lesson in Supply andDemand.

Chapter 3 Latin America and the Vagaries of Boom andBust.

The Political Economy of Latin America.

Till Debt Do Us Part—The 1982 Crisis.

The Tequila Crisis.

Chapter 4 From the Ruble of the Iron Curtain to theLegacy of Apartheid.

The Ruble of the Iron Curtain.

The Wild, Wild East.

Crisis Strikes Again—The 1998 Ruble Crisis.

Putin and the Modern Soviet State.

The Legacy of Apartheid—Race and Markets.

Part II Developing an Emerging Markets Strategy.

Chapter 5 From the Past to Today—How to ApproachEmerging Markets.

Prelude to a Portfolio: Choosing a Benchmark.

Getting Started: Emerging Markets Today.

The Best Wayt to Think about Emerging Markets.

Putting It Together: The Top-Down Method.

Top-Down Deconstructed.

Examples of Quantitative Factor Screenings. 

Chapter 6 Developing Portfolio Drivers.

The Importance of Portfolio Drivers in Emerging Markets.

The Proper Perspective.

Identifying Portfolio Drivers.

Translating Drivers Into Portfolio Allocation Decisions.

An Illustration in Analyzing Portfolio Drivers—BrazilDuring the 2003-2007 Bull Market.

What Can Drive Emerging Markets as a Category.

Getting Information to Develop Drivers.

Chapter 7 Security Analysis.

Make Your Selection.

A Five-Step Process.

Other Important Questions to Ask.

Chapter 8 Putting it Together.

Two Initial Considerations.

Instruments for Investing in Emerging Markets.

Common Challenges and Risks.

The Future—Frontier Markets.


About the Author.


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