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Table of Contents
Considering and Managing Risk in Emerging Markets ............................395
Knowing the risks
..............................................................................396
Managing risks in emerging markets
...............................................398
Chapter 2: A Guided Tour through
the World’s Emerging Markets
................................403
Building with the BRICs: Brazil, Russia, India, and China ......................403
Burgeoning Brazil...............................................................................405
Running with Russia
.......................................................................... 406
Investing in India
................................................................................407
Checking out China
............................................................................409
Examining Non-BRIC Emerging Markets
................................................... 411
Exploring Eastern and Southern Europe
........................................412
Moving into markets in the Middle East,
North Africa, and South Africa
.....................................................413
Navigating North and South America
..............................................415
Finding action in Asia
........................................................................ 416
Chapter 3: Picking Bonds, Stocks, and
Mutual Funds in Emerging Markets
............................419
Pursuing Emerging Market Bonds ............................................................. 420
Sorting out key bond categories
...................................................... 420
Matching bonds and currencies
......................................................421
Noting the effects of ination on bonds
..........................................421
Dealing with default
...........................................................................422
Buying Emerging Market Stocks
................................................................ 422
Calculating the oat
...........................................................................423
Trading depository receipts
.............................................................424
Jumping on initial public offerings
..................................................424
Diversifying with Mutual Funds
................................................................. 425
Choosing open-end funds
.................................................................425
Exploring closed-end funds
..............................................................429
Evaluating funds of all types
............................................................430
Navigating International Securities Exchanges
.......................................431
Figuring out who’s regulating whom
...............................................432
Dealing with dual listings
..................................................................432
Getting accurate price quotes
..........................................................433
Chapter 4: High Finance in Emerging Markets ...................435
Delving into the World of High Finance .................................................... 435
Comparing some common emerging
market partnership funds
.............................................................436
Looking into the structure of limited partnerships
.......................439
Working with Local Partners
......................................................................440
Governments
......................................................................................440
Local investors
...................................................................................441
Nongovernmental organizations
......................................................441