By Martin HutchinsonContributing Editor Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded. In pretty short order, all the charge-card companies boost his credit limits, cut the interest rates he's paying on his outstanding balances, offer him new credit lines […]
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Best Investments 2013: Buy the Top-Performing Emerging Market of Q1
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While the Standard & Poor's 500 Index 10% first-quarter gain was great, it wasn't the world's best.
One of the standout performances in 2013's first quarter was in a market that's off many investors' radar screens: the Philippines.
The Philippine stock market, valued at about $236 billion, rose by 17.8% in the first quarter.
Why Some of the Best Investments for 2013 Come from this Region
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With low growth forecast in the United States, some investors have headed beyond U.S. borders in search of the best investments for 2013 – and landed in Latin America.
Latin America's largest economies, like Brazil, aren't the ones that will be delivering the biggest stock gains this year. As measured by the iShares MSCI Brazil Index Fund (NYSE: EWZ), equities in the region's largest economy are extending last year's glum pace as the exchange-traded fund (ETF) is off nearly 2% to start the year.
But while economies like Brazil and Argentina might not offer the best investments for 2013, there are some "unsung gems" that will deliver.
Here are some of the most promising Latin American names, both on the equity and debt fronts, that investors should consider this year.
Investing Icons Weigh In On U.S. Credit Downgrade
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The market's verdict on the Standard & Poor's (S&P) U.S. credit downgrade is in – and it isn't good.
In direct response to the U.S. credit downgrade, the Dow Jones Industrial Average plunged more than 631 points, or 5.52%, yesterday (Monday), after falling 6% last week.
No question, we're in the midst of a free-fall. And there's no doubt about the role Washington played in creating this dangerous situation. But U.S. policymakers aren't the only ones to blame.
Some of Wall Street's heaviest hitters, including Warren Buffett and Bill Miller, have zeroed in on S&P for perhaps being a little too overzealous in its approach.
"I don't get it. It doesn't make sense. In Omaha, the U.S. is still triple-A rated," Buffett told Fox Business Network. "And if there were a quadruple-A, I'd give it to the U.S."
Buffett and fellow S&P critics said the agency made a hasty move that scared investors and clobbered markets.
Buffett: "I Don't Get It"
Buffett said the U.S. debt downgrade would not deter him from investing in U.S. Treasuries.
"If anything, it may change my opinion on S&P," Buffett said.
Echoing Buffett's disbelief was Legg Mason Inc.'s (NYSE: LM) Chief Investment Officer Bill Miller.
Miller said S&P "rushed to judgment" and took a "precipitous, wrong and dangerous" action.
Brazil's Shifting Fortunes: This BRIC Economy is Ready to Fall Out of Fashion
Batten down the hatches. Brazil, the media-darling of the world financial press and the poster child for emerging-markets investing, is heading directly into the eye of the storm.
Until now, Brazil has provided investors with a thoroughly rewarding run. Investors who followed Money Morning's October 2008 call to buy the iShares MSCI Brazil Index (NYSE: EWZ) have notched a 160% return.
But with this BRIC country now clearly running into trouble, it's time to trim any holdings you may have.
Here's why…
Tax on Foreign Investment Won't Dent Brazil's Currency
Beginning today (Tuesday), Brazil will impose a 2% tax on foreign investment in the country's stocks and bonds. Analysts have called the move a "desperate" bid to reign in the skyrocketing value of its currency, which has gained more than 30% against the dollar this year. The tax will make it more difficult for companies […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Treasury Announces More PPIP Investors; Roubini: Market Due For Correction; BofA Planning Emergency CEO Appointment; Goldman Could Fetch $1 Billion From A CIT Bankruptcy; Mazda Raising Money for Hybrids; Nomura […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Santander IPO Aiming for $7.3 Billion; Deloitte: Flat Holiday Sales; RBS Gauging $8 Billion Share Sell Interest; HBSC Downgrades Lukoil; Citi: BHP May Consider Share Buyback; Lennar Posts Another Loss; […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. World Bank President to G8: Economy Still Dangerous; Service Sector Improves for Third Straight Month; Rio Sells Packaging Business to Bemis for $1.2 Billion; Crude Prices Drop Again; Report: Bank […]
Here’s Why Government Bonds Are No Longer A Safe Investment
By Martin HutchinsonContributing EditorMoney Morning With budget deficits on the rise and inflation almost certain to follow, it's getting easier to see why British or U.S. government bonds are no longer a truly safe investment. Standard and Poor's Inc. (NYSE: MHP) last week put Britain's credit rating under review for a possible downgrade, a precursor […]
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