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Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised and Updated

ISBN: 978-1-118-15384-0
372 pages
February 2012
Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised and Updated (1118153847) cover image

Description

Emerging market investment advice from a seasoned pro

Mark Mobius, the man the Wall Street Journal has proclaimed "the King of the Emerging Market Funds," spends eight months of the year traveling the globe in search of hidden market bargains overseas and in Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised Edition, he shares what he's learned. In a globetrotting tour taking you from the Baltic coast to Brazil, Mobius reveals his own experience-tested guidelines for investing abroad. Analyzing companies and new markets, identifying potential pitfalls and overlooked values, crunching numbers and meeting the local players, he knows where true growth is, and with this book in hand, you will too.

Presenting a straightforward, practical investment philosophy based on one key, indisputable fact: that the rest of the world's economies have far more potential for growth than our own, Passport to Profits shows even the most casual investor how to view investing abroad, how to devise a global investment strategy, and the pros and cons of buying individual stocks or mutual funds. The development of stock market infrastructures in emerging economies has opened up potential for impressive returns, and this book is your guide to cashing in.

  • Illustrates the four keys to determining if a country is investment-friendly and how to gauge political climates for great investment opportunities
  • Analyses the 2008 crisis and its implications for the development of the emerging financial markets
  • Explains the rules for investing abroad that too many investors fail to understand

An adventurous and honest insight into the art of investing in emerging international markets, Passport to Profits provides the hands-on experience you need to balance the risks and reap the rewards of global investing, right from the comfort of your home.

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Table of Contents

Preface: Why This Book? Why Now? vii

Acknowledgments xi

PART I ON THE FRONTIER OF EMERGING MARKETS

CHAPTER 1 Introduction to Emerging Markets 3

CHAPTER 2 Hope, Growth, and the Investing Process 33

PART II THE BOOM—EASTERN EUROPE

CHAPTER 3 Baltic Boom 73

CHAPTER 4 All the Riches in Russia 111

PART III THE BUST—ASIA

CHAPTER 5 Hong Kong 157

CHAPTER 6 Hong Kong, Part II: "Catching a Falling Knife" 183

CHAPTER 7 Thailand: Ground Subzero 213

PART IV BEATING THE ODDS—LATIN AMERICA

CHAPTER 8 Is Brazil the Next Domino? 253

PART V THE FINAL FRONTIER—AFRICA

CHAPTER 9 Nigeria 293

CHAPTER 10 South Africa 311

Conclusion: Winners and Losers 337

Author's Note 365

Index 367

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Author Information

Mark Mobius, Ph.D., Executive Chairman of Templeton Emerging Markets Group, currently directs analysts based in Templeton's 17 emerging markets offices and manages the emerging markets portfolios.

Dr. Mobius has spent more than 40 years working in emerging markets all over the world. He joined Franklin Templeton Investments in 1987 as president of the Templeton Emerging Markets Fund, Inc. In 1999, he was appointed joint chairman of the Global Corporate Governance Forum Investor Responsibility Taskforce of the World Bank and Organization for Economic Cooperation and Development.

Awards include: (1) "50 Most Influential People" by Bloomberg Markets Magazine in 2011, (2) "2010 Africa Investor Index Series Awards" by African Investor, (3) "Emerging Markets Equity Manager of the Year 2001" by International Money Marketing, (4) "Ten Top Money Managers of the 20th Century" in a survey by the Carson Group in 1999, (5) "Number One Global Emerging Market Fund" in the 1998 Reuters Survey, (6) "1994 First in Business Money Manager of the Year" by CNBC, (7) "Closed-End Fund Manager of the Year" in 1993 by Morningstar and, (8) "Investment Trust Manager of the Year 1992" by Sunday Telegraph. Dr. Mobius was also named by Asiamoney magazine in 2006 as one of their "Top 100 Most Powerful and Influential People." Asiamoney said, he "...boasts one of the highest profiles of any investor in the region and is regarded by many in the financial industry as one of the most successful emerging markets investors over the last 20 years. Despite tough times during the financial crisis nine years ago, he still commands a strong following in the investment world and is influencing the direction of billions of investment dollars."

Dr. Mobius earned bachelor's and master's degrees from Boston University, and a Doctor of Philosophy (Ph.D) in economics and political science from the Massachusetts Institute of Technology. He is the author of the books Trading with China, The Investor's Guide to Emerging Markets, Mobius on Emerging Market, Passport to Profits, Equities - An Introduction to the Core Concepts, Mutual Funds - An Introduction to the Core Concept, Foreign Exchange - An Introduction to the Core Concepts and Mark Mobius - An Illustrated Biography.

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Press Release

February 09, 2012
Passport to Profits, Revised & Updated

Mark Mobius is the father of Emerging Markets investment and has been profiting from investments in the developing world for decades. In the Revised and Updated Edition of Passport to Profits, he’ll show you the four keys that determine if a country is investment friendly, how to play the IPO game, and how to gauge the political climates for great investment opportunities.

Besides that, Mobius has also been proclaimed ‘the King of the Emerging Market Funds’ by Wall Street Journal and “the ultimate road warrior” by USA Today. In a globe-trotting tour from the Baltic coast to Brazil, he reveals his own experience-tested guidelines for investing abroad. Analyzing companies and new markets, searching for booby traps and overlooked values, crunching numbers and meeting the local players, Mobius shows us how to put money where true growth is. And it’s not all that difficult, because his investment philosophy is based on one central, indisputable fact which is explained in Passport to Profits, Revised & Updated.

Dr Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, joined Templeton in 1987 as managing director of its Far East Division in Hong Kong, with responsibility for supporting the Templeton group’s research expertise in emerging market countries. He directs the analysis for fifteen global locations including Hong Kong, Singapore, Vietnam, India, South Africa, Argentina, Poland and Russia with a total of over $1.3 billion under his supervision. Dr. Mobius has spent over 20 years working in Asia and has extensive experience in economic research and analysis.

Passport to Profits:

Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised and Updated

By: Mark Mobius

ISBN: 978-1-1181-5384-0

Published by: Wiley

Paperback; 352 pages; January 2012; US$24.95

For more information, go to: http://www.wiley.com/buy/9781118153840.

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