| When global bourses fall, IPOs shine from emerging new markets |
| Last Updated(Beijing Time):2007-12-05 11:10 |
|
"They look pretty expensive to me," said David Semple, whose US$185-million Van Eck Emerging Markets Fund outperformed 93 percent of its peers last year. "There's unprecedented levels of activity in emerging markets. They're very much at risk if activity tails off."
Billionaire investor Kenneth Fisher of Fisher Investments Inc said the price justifies the risk, and IPOs provide fund managers a way to profit when earnings growth slows.
"What people want right now are good things, not bad things," said Fisher.
|
|
|
|
|
