• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 20 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Goodbye BRIC, Hello N-11

Jim O'Neill, the clever Goldman Sachs analyst who came up with the term "BRIC" a decade ago, has cooked up a new, catchy investment theme. Get ready for the "N-11", shorthand for the "New 11", a gaggle of early stage emerging markets who will become the inheritors of the BRIC's high growth rates.

The basic idea is to surf a global wave of coming GDP and per capita income rises. The N-11 breaks down into four sub categories:

High Income: South Korea
Upper Middle Income: Mexico, Turkey
Lower Middle Income: Egypt, Iran, Pakistan, Indonesia, Nigeria, Philippines
Low Income: Bangladesh, Vietnam

Jim has come up with a basket of indicators measuring the attractiveness of each country that includes liquidity of the financial system, bank deposits, central bank assets, private credit, stock market capitalization, outstanding currency, public and private debt, and for some countries, aid inflows.

Before you rush out and load the boat with Iranian names, let me tell you that investing in some of these places is easier said than done.

This is really a call on economies, and not local stock markets. Only a couple have ETF's.

Jim says that the best value for money in terms of financial development is Vietnam and Egypt.

Watch this space. I am going to be posting on the other countries in this list as liquid vehicles become available. In a few years you are going to become as weary of hearing about the N-11 as you are about BRIC's today.

ADVERTISEMENT

Article courtesy of: The Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News