Opportunities in Emerging Markets Investing in the Economies of Tomorrow

Author: Gordian Gaeta
Publisher: John Wiley & Sons
ISBN: 9781118247174
Published In: December 2012
Format: Hardback , 350 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

The practical guide to investing in emerging markets

Though potentially risky, investing in emerging markets can offer extremely attractive returns. Opportunities in Emerging Markets offers practical advice for investors based on the real life experiences—both positive and negative—of practitioners, pioneer investors, and local heroes with experience in frontier markets. Exploring how every developing market has its own unique regional cultures and social structures that change the way investors invest, and must be understood in order to make wise investments, the book combines standard approaches to investing with the exigencies of frontier markets to create an invaluable framework for success.

A collection of useful ideas that investors—institutions, general partners, limited partners, or shareholders—can draw upon when investing money in emerging markets, the book includes essential information on one of the most attractive opportunities for beating traditional markets and investments. If access, downside, and predictability can be managed, there's a great deal of money to be made in emerging markets, and this book shows how. Both investors and investment managers need to understand fundamental success factors, real framework conditions, and hidden pitfall and inOpportunities in Emerging Markets, author Gordian Gaeta analyses these intricacies in depth.

Gives investors of all kinds the information they need to succeed in emerging markets
Incorporates real life experiences—both good and bad—to help readers avoid common mistakes and maximize their returns
Includes interviews with Mark Mobius, Jim Rogers, Marc Faber, and other leading names in the emerging markets sector

For those traders brave enough to engage in high-risk/high-return investing, Opportunities in Emerging Markets is an excellent overview of the world's toughest frontier markets and how to conquer them. Featuring interviews with some of the top investors in the field, this is the definitive guide to the perils and pitfalls of investing in these highly volatile markets.

Preface
Selected List of Acronyms

Part One: On the Selection and Classification of Developing Markets

Chapter 1: On Developing Markets in General
The Notion of Developing Markets
Nature and Structure of Emerging Markets
The Spectacular Rise of Developing Markets
Practical Perspective on Frontier Economies
Conclusion

Chapter 2: Developing Market Classifications and Categorizations
Investible Emerging Market Classifications
Frontier Market Categorizations
Conclusion

Chapter 3: Considerations on Emerging and Frontier Market Classifications
Consequences of Classifications
Issues with Classifications
Indexing and Passive Investment: The Asian Investor Perspective
Conclusion

Chapter 4: Alternatives on Selecting Investible Developing Economies
Investor Factors of Importance
Essential Economic Freedoms
Global Competitiveness
Doing Business
Governance Indicators
Financial Centers Ranking
Global Manufacturing Competitiveness
Conclusion

Chapter 5: Private Equity Flows as a Lead Indicator
Private Equity Flows: the next Wave of Investible Markets
Emerging Markets Private Equity in Practice5
Conclusion

Chapter 6: A Different Selection of Investible Markets

Part Two: The Investment Case for Developing Markets

Chapter 7: Emerging Markets Investments – Short Term or Secular Theme
The Confounded State of Industrial Nations
Change in Global Power Balance
Emerging Markets on the Growth Path
Global Redistribution has only started
Conclusion

Chapter 8: A Case for Frontier Markets
Introduction: New, Yet Familiar Territory
Key Drivers of the Frontier Markets Opportunity Set
Risks to Investing in Frontier Markets
Conclusion

Chapter 9: Sub Continents: Sub Saharan Africa and South East Asia
The Investment Case for Africa
South and South East Asia Frontiers: Opportunities Abundant
Conclusion

Chapter 10: Regions: Middle East, GCC, Levant and North Africa
Business in MENA
Investor Markets in MENA, GCC, North Africa and Levant
The Case of Oman: Solid Foundations for Investment
Oman Stock Market
Conclusion

Part Three: Pragmatic Investing in Developing and Unclassified Markets

Chapter 11: Investments in China
Seeing the Whole China Elephant
China Investing, Chinese-Style
The Whole Elephant: How To Evaluate A China Investment
Conclusion

Chapter 12: The Genesis of Markets: Colombia, Mongolia and Haiti
Colombia: From Drugs to Investment Destination
Mongolia: Opportunities in the New Frontier
Haiti: Out of Tragedy to Future Frontier Market?
Conclusion

Chapter 13: Nascent Stock Markets: Myanmar, Laos and Cambodia
Myanmar: Change towards long term Attraction?
Lao People's Democratic Republic: Emerging from Isolation
Kingdom of Cambodia: A new Market
Conclusion

Chapter 14: Credit and Real Estate Markets in Emerging Economies
Credit Markets of Emerging Central- and Eastern Europe
Real Estate Market in the Mekong Region
Conclusion

Chapter 15: Critical Business Issues in Developing Markets
The Importance of Being Earnest: the UK Bribery Act Globally
Information Technology in Developing Markets
Conclusion

Chapter 16: Operating in Emerging Markets
The Substance of Marketing in Developing Markets
Corruption Utile
Business Styles and Requirements
Conclusion

About the Editor
About the Contributors
Bibliography
Index

Dr. GORDIAN GAETA is an active private equity investor and advisor specializing in complex and distressed equity and alternative investments and transactions predominantly in the developing economies of Asia. He participates on boards, investment and finance committees, and in executive functions of fund managers, investment firms, and financial services companies. Gaeta started his career as a banker in several countries before becoming a management consultant. A former academic, he also lectured at several universities; served as director, professor, or dean of private academies certifying financial services professionals on investment; and co-chaired the Asian Banker Summit. Gaeta contributes regularly to an investment column as well as investment publications and is the author, coauthor, or editor of various books related to finance, business, and investing, including Frontiers in Credit Risk (Wiley).