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10 Strategies for Capitalizing on the Emerging Markets - Interview - Wyatt Crumpler, American Beacon Advisors, Inc. - North American Investors Summit
10 Strategies for Capitalizing on the Emerging Markets - Interview - Wyatt Crumpler, American Beacon Advisors, Inc. - North American Investors Summit
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10 Strategies for Capitalizing on the Emerging Markets - Interview - Wyatt Crumpler, American Beacon Advisors, Inc. - North American Investors Summit


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Wyatt Crumpler, a speaker at the marcus evans North American Investors Summit 2013, talks about how CIOs can successfully invest in emerging markets.

The North American Investors Summit is the premium forum for CIO’s and top decision makers from North America’s largest corporate and public pension funds as well as foundations and endowments with leading

regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market. senior investment executives and service providers an intimate environment for a focused discussion of key new drivers shaping asset allocations.

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  • 1. 10 Strategies for Capitalizing on the Emerging MarketsMore Chief Investment Officers (CIOs) of pension funds are looking into capitalizing on emerging market growth, asinvestment opportunities become harder to come by in the developed world, says Wyatt Crumpler, Chief InvestmentOfficer, American Beacon Advisors, Inc. However, Crumpler strongly advises that CIOs be aware of capital controls, politicalrisk and country-specific economic fundamentals.A speaker at the marcus evans US Pensions Summit 2013, in Wheeling, Illinois, July 22-24, Crumpler goes over somepractices and strategies that CIOs should consider when investing in emerging markets.Be aware of capital controls. Many emerging markets are not easy to invest in nor easy to take your investments out of.Brazil recently dropped its tax on fixed income investments that had been in place since 2010, but countries like India stillhave capital controls, making them operationally more complex than developed economies.Emerging markets are a diverse set of countries and not one asset class. Investors should really get comfortablewith the multiple economic and political models that exist in the various countries and the companies that reside there.China, Russia and India are all very different. Frontier markets may differ even more so.Look at country-specific economic fundamentals to find investment opportunities. Given that emerging marketsare starting from a lower economic base, there is much more room for growth. Investors need to look for this growthtailwind when investing in emerging markets.Be aware of political risk. Some countries have a history of poor shareholder actions; Argentina and Russia come tomind. Be nimble enough to see problems as they arise, and limit your exposure where the problems are.Have a good custodian who has good relationships with various markets. They will help look out for your interestsand help you navigate regulatory changes.Do not put all your eggs in one basket. Emerging markets add diversification to an equity or debt portfolio, but manyfunds are very specific to a geographic area. Have a broadly diversified portfolio exposed to all three regions: Asia, LatinAmerica, and Eastern Europe. Do not put all your eggs in one basket among these three regions.Focus on valuations. We have used a value investing approach in emerging markets since the early 90’s.Select investment managers who are more fundamental in nature. They need to be talking to companies, have theirfeet on the ground, and have the ability to visit the various regions on a frequent basis to understand what is really goingon. This is much more important when it comes to emerging markets, as data is not always available or comparable, andthe political risks may be greater.Position yourself to take advantage of frontier markets. Many CIOs were late to gain exposure to emerging markets.Expand your mandate into some of the economies opening up in sub-Saharan Africa and the Middle East. Do not limityourself to the MSCI Emerging Market Index countries. Think of where emerging markets were 10-15 years ago.Maintain an active approach. Situations in countries can change dramatically in a relatively short time. Do not bepassive. Stay abreast of what is going on. Investors need to be more proactive when it comes to emerging markets.Wyatt Crumpler, a speaker at the marcus evans US PensionsSummit 2013, on how CIOs can successfully invest in emergingmarketsInterview with: Wyatt Crumpler, Chief Investment Officer,American Beacon Advisors, Inc.
  • 2. The Investment Network –marcus evans Summits groupdelivers peer-to-peer informationon strategic matters, professionalt r e n d s a n d b r e a k t h r o u g hinnovations.Please note that the Summit is aclosed business event and thenumber of participants strictlylimited.About the US Pensions Summit 2013This unique forum will take place at The Westin Chicago North Shore, Wheeling,Illinois, July 22-24, 2013. Offering much more than any conference, exhibition ortrade show, this exclusive meeting will bring together esteemed industry thoughtleaders and solution providers to a highly focused and interactive networking event.The Summit includes presentations on new trends and associated risk in alternativeinvestments, capitalizing on emerging markets in your investment strategy and thereduction of benefits and political pressures within the pension reform movement.www.uspensions-summit.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, case studies, roundtables and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsFoundations & Endowments Investment Summit - www.foundations-endowmentssummit.comPrivate Wealth Management Summit - www.privatewealthsummit.comTo view the web version of this interview, please click here: Kouyoumdjian-Gurunlian, Press Manager, marcus evans, SummitsDivisionTel: + 357 22 849 313Email: press@marcusevanscy.comFor more information please send an email to info@marcusevanscy.comAll rights reserved. The above content may be republished or reproduced. Kindlyinform us by sending an email to