Emerging Markets: From Vulnerability to Opportunity

Featuring Edward Misrahi

At the beginning of 2017, Ed Misrahi of Ronit Capital was buying the Mexican peso in the aftermath of the U.S. election, when most investors were running the other way. The peso rallied aggressively in the first part of that year. Today, Ed still loves the long-term prospects across emerging markets, but sees excellent rewards from diversification and in leaving a little powder dry for better opportunities ahead. Filmed on May 3, 2018 in London.

Published on
21 May, 2018
Topic
Macro, Portfolio Management, Emerging markets
Duration
31 minutes
Asset class
Equities, Currencies
Rating
27

Comments

  • HM

    Holland M.

    2 11 2018 22:12

    0       0

    This didn't age well.

  • CC

    Carlos C.

    23 5 2018 16:07

    1       3

    Volume is very low here. It’s generally a problem with Real Vision, but this was really bad.

  • F

    Floyd .

    22 5 2018 21:52

    0       1

    For those looking for confirmation or support for his comments,check out chart of CQQQ. i don"t mind the music.RELAX!

  • RS

    Ryan S.

    22 5 2018 19:09

    2       0

    Really good!

  • SH

    Steve H.

    22 5 2018 16:41

    1       0

    Outastanding.

  • YB

    Yuriy B.

    22 5 2018 15:03

    1       0

    So many parts of this are brilliant. Thank you Ed and Real Vision!

  • TC

    Timothy C.

    21 5 2018 20:07

    55       1

    I had to crank up the volume in order to hear his comments and then mute it quickly when the ridiculous cut music came on. I have seen many comments about the music, will anyone actually address it? Thanks in advance!

  • JL

    Johnny L.

    21 5 2018 19:31

    3       0

    Investors seem to be depending on government intervention and more stimulus to keep things moving along even if it is at a crawl. Since 2008 there is so little natural growth or healing w/o CB interventions and yet volatility is dead.

  • PB

    Pieter B.

    21 5 2018 19:26

    3       0

    Thanks a lot for the great value!

  • HO

    H2 O.

    21 5 2018 19:06

    2       0

    Interering segment, and obviously very experienced guy. But, would be better to have an interviewer guiding him through specific case examples. Would get more out of his perspective than just listening to general state of EM.

  • DV

    Dimitri V.

    21 5 2018 15:25

    4       1

    Great interview. Would love to see something on Water as an investment theme

  • BS

    Bill S.

    21 5 2018 13:18

    7       0

    Quality content, still dodgy audio quality.

  • JM

    Jason M.

    21 5 2018 09:53

    18       1

    Best contributor in EM space on RealVision. Maybe best overall given EM investing is much more difficult. This is a a great snapshot of where we are in EM risk/reward now. Edward is so good at the nuances of each relavent item. Just has great judgement. I think I'd be more bearish currently only because I'd have a more bullish ST view on the USD. If you are bearish on China (credit, RMB) and Europe (credit), aren't you defacto bullish on USD? Agree RMB drop not priced in and is actually a great stealth short here.