Baron Investment Team Discussion on Emerging Markets and International Growth
Ғылым және технология
The Baron Capital investment team answers attendee questions related to emerging markets and international growth asset classes at the 30th Annual Baron Investment Conference. This session features portfolio managers Michael Kass and Anuj Aggarwal and is moderated by Frank Maiorano, head of RIA and family office sales at Baron Capital.
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Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99BARON or visiting www.BaronFunds.com. Please read them carefully before investing.
Risks: Non-U.S. investments may involve additional risks to those inherent in U.S. investments, including exchange-rate fluctuations, political or economic instability, the imposition of exchange controls, expropriation, limited disclosure and illiquid markets. This may result in greater share price volatility. Securities of small and medium-sized companies may be thinly traded and more difficult to sell. In addition to the general stock market risk that securities may fluctuate in value, investments in developing countries may have increased risks due to a greater possibility of settlement delays; currency and capital controls; interest rate sensitivity; corruption and crime; exchange rate volatility; and inflation or deflation. Government actions, bureaucratic obstacles and inconsistent economic reform within the Indian government have had a significant effect on the Indian economy and could adversely affect market conditions, economic growth and the profitability of private enterprises in India.
The discussion of market trends is not intended as advice to any person regarding the advisability of investing in any particular security. The views expressed in this presentation reflect those of the respective speaker. Some of our comments are based on management expectations and are considered “forward-looking statements.” Actual future results, however, may prove to be different from our expectations. Our views are a reflection of our best judgment at the time and are subject to change at any time based on market and other conditions and Baron has no obligation to update them.
Portfolio holdings and sector allocations are subject to change. Current and future portfolio holdings are subject to risk.
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Пікірлер: 2
Nice talk, but I fail to understand how does the ex US markets get their currency stronger if interest rates drop? Because the assumption that international markets would get their currencies stronger when US drops rates is only true if the international markets also do not cut or print. In the last 15 years the correlation between US and international rates has just been increasing… I don’t think it’s simply a vacuum based on how you describe it. And if everyone cuts rates and prints, then everyone does well because that anyway leads to asset price inflation.
To add a further comment - for the Chinese EV market to take off with a slowing US market doesn’t make sense intuitively because at the end of the day, the US will end up being the biggest EV market in the World. At the end, all growth comes from increase in debt. As long as there is increase in debt, there is growth, which provides a tailwind to all growth theses.