Your SlideShare is downloading. ×
Global Opportunities: Positioning for Success
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Global Opportunities: Positioning for Success

1,286
views

Published on

This presentation was given at our annual investment conference and highlights global opportunities in the emerging markets. Presenters discuss investment opportunities in China and India, emerging …

This presentation was given at our annual investment conference and highlights global opportunities in the emerging markets. Presenters discuss investment opportunities in China and India, emerging markets financial services and China's healthcare. Presented by Cabot's portfolio management team: Rob Lutts, Les Satlow and Dennis Wassung, Jr. respectively.

These seminars are for discussion purposes only. It is not an offer to buy or sell individual securities or investments. Investors should consider their own individual investment objectives, risks, charges and expenses of their portfolio carefully before investing. Investments are not FDIC insured and may lose or fluctuate in value. Please request our Form ADV Part II for complete disclosures.

Published in: Economy & Finance, Business

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,286
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
43
Comments
0
Likes
1
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. GLOBAL OPPORTUNITIES:Positioning for Success
    Presented by:
    Rob Lutts, President & CIO
    Les Satlow, CFA, Portfolio Manager
    Dennis Wassung, CFA, Assoc. Portfolio Manager
  • 2. China & India Opportunities Abound
    Presented by:
    Robert T. Lutts, President & Chief Investment Officer
  • 3. THE CHINA OPPORTUNITY:Shanghai, China
    1990
    2010
  • 4. By 2020, Asia is expected to have more than 1.2 billion population with a GDP per capita greater than $5,000 USD. This is five times the size of the US middle class!
    Cabot Money Management, Inc. | 216 Essex Street | Salem, MA 01970 | 978.745.9233 | www.eCabot.com
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. CHINA:TOP SECTORS FOR GROWTH
    • Financial Services
    • 10. Property Development and Management
    • 11. Internet Applications
    • 12. Education
    • 13. Infrastructure Growth
    • 14. Consumer Spending, Travel, Advertising
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. IN SUMMARY
    • Both China and India offer excellent opportunities for value creation in the next decade.
    • 23. China – is growing faster and has better finances (less debt).
    • 24. China will open up its financial markets in the next 5-10 years – RMB (Yuan) convertibility and access to stock markets in shanghai will be coming.
    • 25. India is gaining momentum – India could grow faster.
    • 26. Expect high volatility in these markets.
  • Emerging Markets financial services
    Presented by:
    Les Satlow, CFA, Portfolio Manager
  • 27. LONG RUNWAY: UNDER-BANKED
  • 28. LONG RUNWAY: MORTGAGES-TO-GDP (%, 2008)
  • 29. LONG RUNWAY: LOW CARD USAGEEXAMPLE-BRAZIL 2008
  • 30. 1-YEAR LOAN GROWTH AS OF JUNE 30, 2010:US BANKS ARE SHRINKING THEIR BOOKS
  • 31. HOW TIMES HAVE CHANGED:BREAKDOWN OF THE TOP 20 GLOBAL FINANCIALSBy Country (# Of Banks), In $Mln
    Did you know…?
    • 5 out of the world’s Top 20 financials are Chinese
    • 32. Top 2 banks are Chinese
    • 33. Largest IPO ever was by Agricultural Bank of China in July 2010
    • 34. Itau Unibanco (who??) is larger than Goldman Sachs and the Royal Bank of Scotland
  • WEATHERING THE STORM:What Storm?
    Did you know…?
    EM Financials gained 74% since the beginning of 2006.
    The average US bank over that time period lost 37% of its value.
  • 35. CHINA HEALTHCARE
    Presented by:
    Dennis Wassung, Jr., CFA, Associate Portfolio Manager
  • 36. CHINESE HEALTHCARE THEME
    Still A Long Way To Go
    China spends only $92 per capita on health care, compared to over $6,700 spent per capita in the U.S.
    Chinese healthcare spending has a long way to go to catch up with its peers.
  • 37. PER CAPITA SPENDING ON HEALTHCARE (US$)
  • 38. CHINA HEALTHCARE GROWTH 2010: RMB 1.7 Trillion – US$253 Billion
  • 39. GROWING ACCESS TO DRUGS & MEDICINESESTIMATED US$75B MARKET IN 2010
  • 40. MEDICAL DEVICES INDUSTRYESTIMATED US$55B MARKET IN 2010
  • 41. INVESTMENT AREAS:China Healthcare
    • Medical Devices & Consumables
    • 42. Drugs, Pharmaceuticals, Medicines
    • 43. Advanced Treatment Services
    • 44. Facilities & Hospitals
  • QUESTIONS