Opportunities in Emerging Markets: Investing in the Economies of Tomorrow

Praise for Opportunities in Emerging Markets

“With the attention of asset allocators now shifting from under-performing public bond and stock markets in the OECD economies to the emerging—or growth—markets, particularly in Asia, it is timely to have a book written by practitioners in these markets, which examines them in detail. Too often, the emerging markets have been bracketed together under various acronyms —BRIC, etc.—which hide wide differences and mask the potential and dangers that exist. It is essential to see these markets in detail and with enough solid evidence (and war stories) so future investors can grasp the opportunities that abound. This volume casts a spotlight on a number of emerging and so-called frontier economies that gives investors the beginning of a toolkit for detailed analysis and assessment.”
—Robert Binyon, Chairman of Aureos Capital

“Gordian Gaeta has put together an impressive range of contributions on how to invest in emerging markets. As the book’s thesis indicates, investing in emerging markets can be quite different from that of developed markets. But there are also patterns that one can recognize, and the authors of the book have done a good job in describing what the patterns are. I was especially attracted by the section on China authored by Malcolm Riddell who’s been working on Greater China business issues for many years. Riddell’s views and recommendations are insightful and helpful to the reader.”
—Edward Tse, Senior Partner and Chairman, Greater China, Booz & Company

“Opportunities in Emerging Markets is an excellent contribution to the understanding of the economic potential of developing countries and the great long-term investment opportunities they offer.”
—Marc Faber, “Doctor Gloom” (http://new.gloomboomdoom.com) and Director of Marc Faber Limited

Although it may take another few years before the true potential of less-developed economies around the world is fully realized, as an investor, you do not want to wait until the future is history. Now is the time to reflect and act.

Nobody knows this better than emerging markets expert Dr. Gordian Gaeta. In Opportunities in Emerging Markets: Investing in the Economies of Tomorrow, he shares his valuable insights into the trajectory of these markets and sheds some much-needed light into what it will take to succeed in this dynamic investment arena.

Divided into three comprehensive parts, this book contains an array of theoretical and practical approaches that are essential to this investment endeavor. With several contributing authors, it offers different perspectives, styles, and ideas, which reflect the multidimensional nature of investing in emerging markets, both in private and public securities around the globe. Along the way, you’ll become familiar with:

• The inherent risks and rewards of developing economies and how emerging market investors can balance them
• The current state of selection of investible markets by major service providers and asset managers, the issues associated with their classifications, and the new framework you need to follow to overcome them
• Why developing markets are becoming a mainstream asset class and how opportunities can be found in specific regions, countries, and companies
• The attractive aspects of frontier markets—from faster growth to strong macroeconomic foundations and accelerated integration with the global economy—that could make them a compelling long-term investment opportunity
• Important on-the-ground considerations of what constitutes an investible marketbased on experience outside stock market rules
• Critical business issues in emerging markets and how to effectively operate within these markets

Hard work, flexibility, and significant due diligence will be required to make the most of your investments in areas such as Southeast Asia, Sub-Saharan Africa, and Colombia, to name a few. But, with the right approach, it could be well worth it. Opportunities in Emerging Markets puts numerous investment destinations in perspective and provides you with the insights needed to profit from their potential.