Monday, June 02, 2008
Recent moves
Negative on India Funds and China Funds
Trends I see :
1. A lot of analysts have positive view on India and China, but market didn't agree that in the past months. May be the analysts are wrong.
2. Fund flow out from India and Korea; first time since 2002.
3. Emerging markets go up because of rapid growth and government deregulation on business. There are reverse trends in China. The telecom reform confirms my view. I see it as a very negative factor.
4. Of the 4 countries in BRIC, only Russia and Brazil remain positive. But, I am expecting a local peak for commodities. I hope I won't underestimate the selling pressure.
5. The technology sector is recovering. Will this be the next trend ?
Things I did:
Sold some minning fund (profit taking)
Sold all ASEAN, China and BRIC fund (reduce exposure on Asia)
Bought Latin American and Technology fund
Trends I see :
1. A lot of analysts have positive view on India and China, but market didn't agree that in the past months. May be the analysts are wrong.
2. Fund flow out from India and Korea; first time since 2002.
3. Emerging markets go up because of rapid growth and government deregulation on business. There are reverse trends in China. The telecom reform confirms my view. I see it as a very negative factor.
4. Of the 4 countries in BRIC, only Russia and Brazil remain positive. But, I am expecting a local peak for commodities. I hope I won't underestimate the selling pressure.
5. The technology sector is recovering. Will this be the next trend ?
Things I did:
Sold some minning fund (profit taking)
Sold all ASEAN, China and BRIC fund (reduce exposure on Asia)
Bought Latin American and Technology fund
# posted by Lobo @ 10:40 PM 
