Akcieatrhy (Akcieatrhy.cz)
Markets  |  October 05, 2010 10:19:06

Asian Tigers crushed the Western world


For decades, Japan was considered a fearless pattern Asian economies and the global economic deuce. This year, however reluctantly had to give way to stronger rivals - China and despite the fact that there is an annual income per capita is only 70 thousand. "It's a new milestone," said Governor literally the Chinese central bank. It is not yet so long ago, China has beaten economic powers such as Germany or Great Britain and became the most dynamic economy in the world.  

This situation undoubtedly helped by the global crisis, which revealed the weaknesses of national economies. And it was China, which thanks to its massive demand and export-driven economy has helped the world from the worst. Even in the worst crisis of the local GDP look below 6% (in March 2009 dropped to 6.2%) and again this year exceeds the magical limit of ten percent.

Even though China is a superpower, we find among the fifty largest and strongest companies in the world (according to Forbes), only a handful of Chinese companies. In fifth place was ICBC, PetroChina on the twelfth to seventeenth position of China Construction Bank, followed by Bank of China, Sinopec and China Petroleum. The same number of representation has, however, Great Britain, one less then France.

If China keeps its pace could postpone until 2025 the United States in second place.Given that household debt is now in China at 14% of GDP, it is expected that this happens (in 2009, consumption accounted for 35% of GDP). This 14% threshold, which operates in the Western scale, somewhat ridiculously, will continue to increase and promote the continued growth of domestic economy upwards.    

Other Asian countries is not put aside. South Korea, Taiwan, Philippines, Singapore, Malaysia, Indonesia and Thailand have shown that the title, the Asian tiger, without a doubt deserves.

GDP in South Korea since the mid-2009 increased from - 4% to +8%, Malaysia was able to rise from -6.2% in March 2009 to +10.1 in March 2010. Thailand have improved its position over the same period of - 7.1% to +12%. Indonesia has seen the maximum decline in GDP in 2009 to +4.08%. Current values ??again exceed +6%.

Great Britain, the former icon of the European economy, sank its gross domestic product during the crisis to the level of -6%. In the second quarter of this year, but not properly tightened to +2%. Similar parameters can be seen as ui France, which now declares a growth of around +1.7%, which was very far from the Polish Asian predators.

The economic development of the individual states is reflected in the full development of domestic equity indices, respectively, in the development of the National Exchange Traded Funds (ETF), which were created to small or large business, expand, purchase or sale (can be done short operations) range.

South Korean ETF, representediShares MSCI South Korea Index ETF (Ewa), has for the past 12 months garnering a highly respectable 17%. The S & P 500 yen 9.5%. Indonesia ETF, Market Vectors as Indonesia Index ETF, the same period garnering an astounding 43%. iShares MSCI Austria Investable Market Index Fund, ie the Austrian ETF, while the year of last page has lost almost 5%.

If we find the general fund for emerging markets, "Emerging Markets", then such a candidate could be iShares MSCI Emerging Markets Index ETF (EEM). The comparator in the mentioned period, reinforced by about 16%.

As you can see all the "Tigers" easily surpass the performance of the broader index S & P 500 So it seems that those who bet again on the current wave of regional growth in Asian ETF or ceased to believe all Asian powers, now reaping the sweet cream.It may seem that individual states to kick-start their economies too quickly and easily, which evokes rather the risk of overheating, but the inflow of funds are still channeled into local economies, by extension, into Asian equities suggests that continued growth is likely to end anytime soon will be.

Complete list of regional ETFs, see here .


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