Boost Your Portfolio Returns with the Emerging Markets
From Profit Confidential
January 16, 2013 - 1:38am
The key to the global economy is to drive consumers to spend in their respective economies. My view is that the emerging markets will continue to be an excellent place to have some capital, from the BRIC (Brazil, Russia, India, and China) countries to the four “Little Tigers,” comprising Hong Kong, Singapore, South Korea, and Taiwan. My reasoning is that the newfound wealth and growing middle class in these markets will drive consumer spending and economic growth.
Just take a look at the numbers from global credit card provider MasterCard Incorporated (NYSE/MA), as the company is a good global barometer on consumer spending, with its presence in over 210 countries. In a third-quarter press release, MasterCard reported that its worldwide purchase volume surged 12% in the third quarter on a local currency basis MasterCard President and CEO, Ajay Banja added, “Additionally, emerging g...Continue reading this article »