Global Bargain Hunting: The Investor's Guide to Profits in Emerging Markets

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Simon and Schuster, 9 лип. 1999 р. - 240 стор.
A RANDOM WALK AROUND THE WORLD
With the same clarity and insight that made Burton Malkiel's enormously popular A Random Walk Down Wall Street an influential bestseller, Global Bargain Hunting shows nonprofessional investors how to reap investment profits from the tremendous economic growth potential of developing countries. Describing a variety of strategies, Malkiel and Mei show you how to significantly reduce investment risk and increase profit from an expected recovery in emerging markets. In this book you will find out:
* Why long-term investment is the key to financial success in emerging markets
* How to adjust asset allocation and risk exposure for a variety of life-cycle investment objectives (high growth, college expenses, retirement, etc.)
* Why low-cost, low-turnover index funds should be the core of a well-diversified international portfolio
* How emerging market bonds, real estate, and natural resource securities can help round out the portfolios of those with substantial assets
* The most up-to-date changes in the global financial landscape in a new introduction written especially for this edition

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Recent Crises Present
7
Preface
13
Emerging Markets Around the World
26
Consumer Markets in Emerging Nations
38
The HomeCountry Bias and the Likely Future
49
Could We Be Wrong?
59
Political Instability Can Sour Many an Investment Opportunity
67
The Mexican Roller Coaster
74
Highlights
125
Paying Full Price and More for OpenEnd Funds
133
Choosing Particular ClosedEnd Funds
143
The Indexed or ComputerManaged Approach
149
Indexing Wins Again
156
Seven Investment Tips
170
Some Final Advice
184
EmergingMarket Real Estate
194

The Pervasiveness of Lawlessness
80
Other Complications of EmergingMarket Investing
92
Happy Flying Crashes in China
100
What Is a Global Bargain Hunter to Do?
106
Diversification in Practice
112
Diversification in the Future
118
Other Investment Opportunities
206
Creating an Ageappropriate Portfolio
212
A Final Word
219
Acknowledgments
230
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Burton Malkiel holds the Chemical Bank Chairman's Professorship at Princeton University, and is the author of A Random Walk Down Wall Street. He serves on the boards of several major corporations, including The Vanguard Group, an investment company with over $450 billion in assets. He is former president of the American Finance Association. He lives in Princeton, New Jersey.

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