PORTFOLIO UPDATE – Emerging Markets (April 2013) The MSCI Emerging Markets Index gained 0.8% in April, reducing the year-to-date decline to less than 1%. Economic data globally have been disappointing. However, valuations were so depressed (near crisis levels for many countries) and stock analysts so pessimistic that any positive news would have sent stocks higher. (Read more)
PORTFOLIO UPDATE – Global Resources (April 2013) Commodities and commodity equities declined in April. Global economic data were weaker than expected, as it appears that most of Europe is back in a recession, and the emerging world and the US are slowing. Of the major economies, only Japan is positive, largely attributable to a weak yen. (Read more)
TOPIC – China and The New Year (January 2013) The Chinese economy has begun to reaccelerate and
is a prime market for investment. In response to the
global economic crisis of 2008, the government engaged in
massive fiscal and monetary stimulus (nearly 15% of GDP)
to insulate China from the global recession. (Read more)
