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Sell off today after record run so -- -- 2013.
Rally come to an end around.
Next guest manages eight billion dollars whereas he funnel that money to work joining us now -- Ryanair chief investment officer from -- wealth advisors.
-- you know every one that we've been -- to basically said the market was due for a pull back so this sick.
I think it very well may be you know the last number of years we've seen almost every year -- swoon.
Radiate if you will from the east from Europe and then this time around the cypress I don't expect this is going the last -- long.
But golly since 1929 on average you've seen 5% for reductions in that the value of stocks.
Three times on average three times a year and this is the first time we've seen this kind of a fullback.
Since September goodness knows the markets due for a -- -- we don't think it's gonna have a real long legs to it though.
The thing is that -- you know you got these US indices hitting these new highs.
Kind of on contraction -- volume right and you also have like this somewhat of a declining momentum feeling out there are so does it make you nervous at all.
Well it does and it it always makes people nervous didn't -- -- -- when the market moving to the downside.
But I'm looking at -- from the standpoint of not from -- standpoint of opportunity and we're looking at the idea of putting more money to work in the emerging markets over the next step few months.
Given these kinds of opportunities because we think that's over the next year or two that's where real money is going to be made in the markets.
No because you know yesterday we -- that the Fed wasn't.
We'll check anytime soon right money's gonna keep coming and lots of people some -- say you can't fight the feds -- put get your money in married again this evening overseas -- -- Throw liquidity at -- are there.
OJ's doing the same thing as is the EC BN and in the BOJ's -- -- You accelerate their.
Their program as far as liquidating the financial system.
And and that's adding -- real fuel to the far as far as.
Asset values moving the upside and adults think that's going to in any time soon to be very frank.
You say -- markets what does that mean in particular where where specifically.
Well you know there's there's there's three themes that we're looking at with emerging markets right now this is an area the not a lot of people -- that paying a lot of attention to people what to paying attention.
What's going on here in the United States and Europe and Japan all three but what's been lost over the last year or -- been emerging markets story in the news this is a group of countries.
Represent about 40%.
But 39% right now as a matter of fact worldwide GDP power.
Up from 21% GDP power play just about ten years ago and I think growth rate in this part of the world.
Which includes China obviously that's they that are -- grow all the -- in this in this area.
But that did the growth rate in -- -- in the world is probably gonna grow by about 5% this year as far as GDP is concerned as compared to one point 5%.
For the developing world for the developed world -- source Leo how about a a three to one growth ratio advantage in the emerging markets additionally of a valuation story here.
This area of the world on balance the MSCI emerging market indexes -- on dividends a little bit more than two and a quarter percent right now.
If you look back over the last 24 year period of time -- that's happened.
The market of these markets on average of grown by about 33% in value over -- all over the following twelve month period of time.
So we have a valuation store you have a growth story.
And you also have a story where these markets have removed the last twelve months emerging markets valued in dollars are actually down 2% in value.
As compared the US market these European market in the Japanese market all three are up substantially over the same period -- at the suggestion -- is forced first couple of concern -- some real value.
-- some real opportunity more within emerging markets space.
It didn't it seems like it's a great opportunity to get in and I know you also like the energy sector here at home glad to have you back to talk more about that bill griner thank you -- an -- portrait thank you.
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