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Any emerging markets -- ahead after Moody's.
Said yesterday that is placing on review America's top AAA bond ratings for a possible downgrade our next guest says.
There -- planned investment opportunities in front tier markets and emerging markets joining us now.
And I'll box this is exclusive interview from Boston is a doubt that the CEO all the mutual global tracker said that I had.
I can't say I love talking to you have so many great investment ideas let's get right to them first and foremost.
-- that we should be looking at South Africa and in particular because of their gold reserves tell me about it.
If you look at the commodity story and I'm glad the back commodity piece you just discussed really gives us an opportunity to analyze what's really going on.
The fact is because there's so much uncertainty you've seen what's happening in Europe with Greece.
The gold price is going through the roof and reminds called it big time -- -- South Africa.
As south African mines and being sunk deeper purely because as economically effective.
For them to go all the way down to the two -- -- now before it was on economic caught them people has -- prices to mind that DP -- now is.
Alright let's talk about Africa overall because a lot of in front -- investors have been.
Looking at -- for a cup.
A lot of average American investors -- still get nervous about investing in Africa overall is -- the way we can do kind of an index play.
For Africa had a kind of spread the risk for the average folks.
Here in in this country.
Yes that what what we would recommend is that -- -- global index taxes is that SMP.
Africa exclude South Africa typically because most investors get South Africa's waiting through the -- markets.
But so when you go through that's that's -- that the way of accessing Africa you're really helping -- -- up to that beautiful link between Africa -- -- and China.
The fact that China is booming right now.
It doesn't because that's gonna lets out another pundits are worried about China slowing all right it might slip from 10%.
GDP growth to 9% but it's still a very good story.
And China buys a lot of its commodities and goods from Africa.
-- have must most of our viewers now or are fairly aware of what's happening in the brick countries Brazil Russia India China.
What that MS is MS NCI's.
Emerging and some of their frontier indexes do you recommend noses is that kind of a basic play for folks that are -- look at to get -- to -- -- Yeah I think the big thing about today that frontier markets in Africa has -- -- -- -- for US investors to diversify.
That there -- -- serious risks and a lot of people have lost some money obviously.
By being in Europe and in particular any European country out of Germany right now is not looking particularly exciting.
So this -- advances opportunity to diversify.
-- benefit from some of the growth stories.
Frontier markets Israeli -- -- version of the emerging markets and the opportunities for the those country bands out there who like the long term story of the commodity boom being powered by the Chinese consumer and Chinese infrastructure.
And yes give us just overall -- -- you -- get a better understanding and I know that you specialize in Africa.
If you -- -- give me the top three growth sectors you mentioned gold in South Africa but what are the top three growth sectors in your opinion.
It on the African continent.
While the Fox's -- -- -- been growing one right knowledge resources and that's largely because for example.
You've got a Chinese Government has got three trillion dollars of reserves eager to develop the central western China.
For that they're gonna need infrastructure.
He was about Chinese industrial production growing at thirteen point 2% on the latest figures.
Is going to be commodities so the whole -- out in commodities is really going to be the big story in -- so that's the first one resources and the second one is that the hotels and tourism.
The fact that Africa's investing and in fact China's investing in Africa to develop infrastructure.
So you've got some very beautiful roads anybody went Solo Cup last year -- -- -- -- Africa pretty much ranks with the best.
Hop myself I saw on TV attend I saw on TV -- rob cook before -- got a lot of time element is asking this book but we're talking a lot about the debt issues in the United States.
Is Africa or other -- frontier areas around the world.
Gonna be affected if we do have some kind of debt debt credit rating downgrade in this country with with that concern you at all.
I think it really will concern a number of countries especially as countries are lying on the US either is as a reserve currency or for trade purposes the good news -- president Africa has less reliance on Europe and the developed world a -- -- and Asia it said -- -- -- -- of the Gnostic.
Well that is why there's is -- -- -- play attend a music avenue the CEO old mutual global tractors great to see -- and I think --
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