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
Emerging markets, Portfolio Management, Macro
Duration
31 minutes
Asset class
Currencies, Equities
Rating
25

Comments

  • 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!

    • EF

      Eric F.

      21 5 2018 23:12

      14       0

      Strongly agree, I listen to audio only and it went from one extreme to another. This is a fairly basic request - decent volume mixing - so a little perturbed at the amount of comments with little to no action. C’mon Milton, crack some heads on this one!

    • VS

      Valentin S.

      22 5 2018 03:54

      12       0

      Agree. It's extremely annoying! 1) The music is itself super annoying, 2) the mix has these problems a bunch. MILTON hello...?

    • MC

      Matthew C.

      22 5 2018 12:40

      7       0

      Have to agree, i have watched every single Real Vision video and for some reason the sound quality has been all over the place in the last few months - it's very annoying.

    • DM

      Dan M.

      27 5 2018 14:12

      1       0

      Absolutely agree. Should be an easy fix, but still not addressed after months of complaints by many. Too loud and a waste of time. This is education, not musical entertainment!

    • WM

      William M.

      28 5 2018 18:31

      0       0

      Yes i have complained before twice about the sound mixing. I just don't need the blaring music at all.

    • TM

      The-First-James M.

      26 6 2018 13:48

      0       0

      Disagree. Please keep the cruisy Rock intros.

  • 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!

  • WH

    W H.

    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.

    • RS

      Ryan S.

      22 5 2018 19:09

      1       0

      Agree

  • 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.

    • BP

      Brandon P.

      31 5 2018 19:50

      0       0

      Agreed. Found this one of the most informative RV pieces on EM in recent memory