MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 26, 2012 Forbes Takes a World Tour with Manning & Napier China's still up; India, Russia, and Brazil are down. So argues Manning & Napier [profile] head of global investment strategy Marc Tommasi, manager of over $40 billion in client assets, who gave Forbes the lowdown on M&N's picks and pans in the global investing landscape. Tommasi discuses Manning & Napier's overall investing strategy -- avoid value traps, look at individual equities rather than sectors -- and admits that the emerging markets "are not playing out the way we expected," although "the secular growth story for emerging markets is still a lot healthier than developed markets." Tommasi bucks convention when he says that China still has room to grow -- though stay away from Cinese banking and real estate. He says Manning & Napier has been reducing its position on Brazil. The firm is "constructive" on Mexico, though "it's hard to justify a buy right now." India and Russia, sad to say, are too corrupt and mismanaged for Tommasi to recommend buying, but he likes some individual companies. To recap, Tomassi's overview of world economies: Printed from: MFWire.com/story.asp?s=41393 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |