1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4624) 

Why International Investing Guru David Herro of Oakmark Is Selling Emerging Equities

May 23, 2013 | About:
David Herro knows a thing or two about investing internationally. He was recently named Morningstar's International Manager of the Decade.

He was previously pretty heavily invested in companies operating in emerging markets. He has been getting rid of that exposure.

The obvious question then becomes... why?

Valuation of course!

He doesn't think emerging markets are "catastrophically" overpriced, just that there are better opportunities elsewhere.

What Herro thinks is a better bet is investing in companies that do a large percentage of their business in the emerging world. This gives an investor exposure to the rapid growth in the emerging world but at a better price.

In the video below Herro provides a couple of ideas.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.5/5 (2 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


GaborEV/EBIT_basic2
Jwalker89Tech
Jwalker89Industrials
Jwalker89Energy
Jwalker89TelCom
Jwalker89Healthcare
Jwalker89Consumer Staples
Jwalker89Consumer Cyclical
Jwalker89Basic Materials
ESDValue screen & peg
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK