GLOBAL OPPORTUNITIES:Positioning for Success<br />Presented by:<br />Rob Lutts, President & CIO<br />Les Satlow, CFA, Port...
China & India  Opportunities Abound<br />Presented by: <br />Robert T. Lutts, President & Chief Investment Officer<br />
THE CHINA OPPORTUNITY:Shanghai, China<br />1990<br />2010<br />
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...
CHINA:TOP SECTORS FOR GROWTH<br /><ul><li>Financial Services
Property Development and Management
Internet Applications
Education
Infrastructure Growth
Consumer Spending, Travel, Advertising</li></li></ul><li>
IN SUMMARY<br /><ul><li>Both China and India offer excellent opportunities for value creation in the next decade.
China – is growing faster and has better finances (less debt).
China will open up its financial markets in the next 5-10 years – RMB (Yuan) convertibility and access to stock markets in...
India is gaining momentum – India could grow faster.
Expect high volatility in these markets.</li></li></ul><li>Emerging Markets financial services<br />Presented by: <br />Le...
LONG RUNWAY: UNDER-BANKED<br />
LONG RUNWAY: MORTGAGES-TO-GDP (%, 2008)<br />
LONG RUNWAY: LOW CARD USAGEEXAMPLE-BRAZIL 2008<br />
1-YEAR LOAN GROWTH AS OF JUNE 30, 2010:US BANKS ARE SHRINKING THEIR BOOKS<br />
HOW TIMES HAVE CHANGED:BREAKDOWN OF THE TOP 20 GLOBAL FINANCIALSBy Country (# Of Banks), In $Mln<br />Did you know…?<br />...
Top 2 banks are Chinese
Largest IPO ever was by Agricultural Bank of China in July 2010
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Global Opportunities: Positioning for Success

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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.

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Global Opportunities: Positioning for Success

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