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Emerging Markets Related News
 in chronological order

 See also: Emerging Markets Related Books, Emerging Markets Related Scholarly Papers, or Emerging Markets Home Page.

Table of Contents:
 

Asia, emerging markets art fund seeks $100 mln-paper
April 30, 2006
From Reuters:
 Meridian Art Partners, a New York-based investor, plans to raise $100 million by the end of the year for a fund investing in contemporary art from Asia and other emerging markets, The Straits Times reported on Wednesday.

The Singapore daily quoted one of Meridian's partners, Roman Scott, as saying that it was looking to raise half of the targeted funds from rich Asian investors and would store a large part of its Asian art collection in Singapore.

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Emerging Markets Lead 40% Currency Trading Jump, Euromoney Says
April 30, 2006
From Bloomberg:
 Emerging markets led a 40 percent gain in currency trading to $175 trillion last year as banks relied on foreign exchange for earnings during a global credit- market crisis, according to a Euromoney survey.

Transaction volume in currencies increased 117 percent in Asia, 254 percent in central and eastern Europe, 42 percent in the Middle East and 145 percent in Latin America in 2007, Euromoney said in a statement on its Web site yesterday.

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Inflation Stalks Emerging Markets
April 24, 2006
From The Wall Street Journal:
 Thanks to years of strong economic growth, emerging markets have conquered many of their old demons. Now one former foe has returned to stalk these countries: inflation.

Rising prices represent a bigger economic and political challenge in these countries than the knock-on effects of the financial crisis emanating from the U.S., say analysts and investors.

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RPT-Buyout firms focus talent hunt on emerging markets
April 24, 2006
From Reuters:
 Private equity firms are hiring more staff in emerging markets to keep up with faster growth opportunities in Asia and Eastern Europe.

Like many of the big banks, buyout firms such as Blackstone (BX.N: Quote, Profile, Research) and CVC Capital Partners [CVC.UL] are moving key players from West to East and hiring locals in countries like Russia, China and India.

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Emerging Markets-Turkey, Hungary lead wider losses
March 31, 2006
From Reuters India:
 Turkish and Hungarian assets led wider emerging markets losses on Monday to fall over 2 percent as increased political uncertainty in the two countries worsened an already poor global risk appetite.

Weaker-than-expected economic data [nL31436295] coupled with the prospect that its ruling AK Party might be outlawed by the country's top court [nL31467208] spooked the Turkish lira, which slipped 1 percent to near seven-month lows. Turkish stocks .XU100 sank 2.49 percent to their lowest levels since the start of the year.

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Look to emerging markets for inflation
March 31, 2006
From The Globe and Mail:
 Merrill Lynch believes that inflation is still a big threat in 2008, despite declining global economic growth. Here's the interesting part though: The biggest source of inflation is not the United States, where the U.S. Federal Reserve is busily slashing interest rates. The biggest source is in emerging markets.

“The threat to U.S. inflation would come primarily from emerging markets allowing their currencies to appreciate dramatically, thereby ‘exporting' some of their inflation back to the U.S.,” said Merrill Lynch economists, in a recent report. “Incremental demand for commodities in recent years has mostly come from emerging, not developed, markets. In turn, skyrocketing commodity prices have partly contributed to pushing up EM inflation.”

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Bear Stearns casts shadow over emerging markets
March 18, 2006
From MarketWatch:
 The chilling effects of the weekend's fire sale of Bear Stearns spread into emerging markets Monday as investors wary of unsustainable debt punished stocks and pummeled currencies.

Turkish stocks were among the worst performers, shedding 8%, while Iceland's currency lost as much as 6%.

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Somerset eyes emerging markets

March 18, 2006
From Global Pensions:
 The $1bn (US$2bn) Somerset County Council Pension fund has said it intends to move into the alternate asset space with a £30m allocation to an active emerging markets mandate.

Speaking to Global Pensions, Anton Sweet, funds and investments manager, Somerset, said: “Theoretically this is a reallocation away from existing equities mandates, but in practice it will probably be taken from cash.”

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Emerging-Market Bonds Gain After Fed Announces Credit Package
March 11, 2006
From Bloomberg:
 Emerging-market bonds gained, sparking the biggest contraction in yield premiums over U.S. Treasuries since January, after the Federal Reserve announced plans to lend $200 billion to bolster credit in the economy.

The extra yield investors demand to own emerging-market bonds over Treasuries narrowed 16 basis points to 2.90 percentage points at 8:52 a.m. in New York, according to JPMorgan Chase & Co.'s EMBI Plus index. A basis point equals 0.01 percentage point.

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GE Targets Growth in Emerging Markets
March 11, 2006
From The Wall Street Journal Online:
 General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy.

GE Energy Financial Services Inc.'s chief executive, Alex Urquhart, said the planned investment is five times what the unit typically invests overseas in a three-year period, reflecting the company's view that emerging markets will grow faster than the U.S. in the near term.

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Exotic Stocks: Investors Flee, But Pros Don't
March 4, 2006
From The Wall Street Journal Online:
 As skittish small investors flee emerging markets, many professional money managers are wading deeper into them.

Increasingly concerned about the prospect of a U.S. recession and its potential impact on developing markets in Asia, Eastern Europe, Latin America and elsewhere, many individual investors have lately dumped emerging-market stock funds in favor of more sedate holdings, such as U.S. Treasury bonds.

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Going Beyond Emerging Markets
March 3, 2006
From The Motley Fool:
 Emerging markets have produced amazing returns over the past few years, but many investors are starting to look beyond them. As the BRIC bloc of Brazil, Russia, India, and China moves toward fully developed status, investors are looking for opportunities from less-traveled markets like Poland, Turkey, and Morocco.

The SPDR S&P Emerging Markets (AMEX: GMM) combines these two approaches into a single fund. As a result, investors can earn top returns from fast-growing popular emerging markets, along with some of the smaller and less well-known markets with high potential.

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Brazil moves to top of emerging market index
February 29, 2006
From Financial Times:
 Brazil has become the world's biggest emerging market, displacing China, according to a key market index.

The South American country's climb to the top of the index prepared by Morgan Stanley Capital International will have a big impact on fund managers around the world. Many investors benchmark their portfolios against the MSCI GEM index of global emerging markets.

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EM private equity funds raise record $59 billion
February 29, 2006
From MarketWatch:
 Emerging markets private equity funds raised a record $59 billion in new capital in 2007, exceeding the amount raised the previous year by nearly 80%, an industry association said Friday.

In 2007, 204 funds collectively raised $59 billion in fresh capital, a 78% increase over the $33 billion raised in 2006, the Emerging Markets Private Equity Association (EMPEA) reported Friday.

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