NEW WORLD ORDER OF MARKET LEADERSHIP?

October 29, 2021

There’s a saying on Wall Street that the market can remain irrational longer than you can remain solvent.  And there’s a widely held financial theory called “Reversion to the Mean” that asserts that eventually asset classes will return to their long term average in terms of several factors including price, price/earnings multiples, and their performance relative to other asset classes like U.S. stocks. 

Reversion to the mean for emerging markets stocks has been a long time coming. 

This week’s guest, Michael Kass who runs Baron Emerging Markets Fund believes their time has come after a very long cycle of underperformance. 

Kass will make the case for an emerging markets resurgence, especially stocks in the two largest markets, China and India.   

WEALTHTRACK Episode #1818 broadcast on October 29, 2021

Listen to the audio-only version here:

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MICHAEL KASS

  • Portfolio Manager,
    • Baron Emerging Markets Fund
    • Baron International Growth Fund
    • Baron New Asia Fund
  • Baron Funds

ACTION POINT

KNOW YOUR SLEEP NUMBER AS AN INVESTOR

DAVID GARDNER’S SLEEP NUMBER QUESTION:

“What Number Would You Allow a Single Stock to Get at the Maximum as a Percentage of Your Overall Portfolio and Still Be Able to Sleep at Night?”

CONSUELO’S SLEEP NUMBER QUESTION FOR EMERGING MARKETS:

“What Is the Minimum You Would Allow Emerging Markets to Represent in Your Portfolio?”


ONE INVESTMENT

DECARBONIZATION PLAY

Buy Suzano S.A. (SUZ

SUZ Chart

SUZ data by YCharts


STOCK MENTIONS

  • Tencent Holdings Ltd ADR (TCEHY)
  • Alibaba Group Holding Ltd ADR (BABA)
  • ACM Research Inc. Class A (ACMR)
  • Reliance Industries Ltd (RELIANCE) traded on NSE = National Stock Exchange of India 

ARCHIVE

Michael Kass from the WEALTHTRACK Archives:


WEB EXTRA

NEW INVESTMENT DIRECTIONS

Baron Emerging Markets Fund Manager, Michael Kass recently launched Baron New Asia Fund to invest in the next generation of growth companies in Asia. 

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