By Thomas J. Connelly, CFA, CFP The map you see on this page has been widely circulated among professional investors, and it tells an astonishing story. The circle encloses less than an eighth of the world’s total land mass, but it includes more than half of...
By Matt Dundas Technology and lax regulations have transformed the stock market from an honest, capital-allocating machine into a smoke-and-mirrors carnival game – at least that’s what Michael Lewis claims in his latest book, Flash Boys: A Wall Street Revolt. Lewis’...
Why Emerging Markets Make Great Investments Part 2 : Precedent By Thomas Connelly (Click for Part 1) The sudden explosion of economic growth over the past few hundred years is a fiercely debated subject today, with underlying geographical, political, institutional,...
(Click for Part 2) (Click for Part 3) By Thomas Connelly “In such condition there is no place for industry, because the fruit thereof is uncertain, and consequently, not culture of the earth, no navigation, nor the use of commodities that may be imported by sea, no...
By Norm Miller, Senior Investment Counselor Total returns from foreign and emerging equity markets are comprised of both a local return and a currency return (converting foreign currency back to the US dollar). The currency return component may be positive or...
