Connell McShane and Jenna Lee of FOX Business LIVE showcase the emerging markets acumen of Bob Phillips
Connell McShane and Jenna Lee of FOX Business LIVE showcase the emerging markets acumen of Bob Phillips, managing partner at Spectrum Management Group. Advising against investing directly in Russia, Phillips recommends funds and ETFs that spread investments out across a wide basket of countries to diversify risk. “I would look at the category as a whole,” suggests Phillips. “[Emerging markets] move very fast based on capital flows as opposed to fundamentals.”
Dow Jones Newswires’ Palash Ghosh features Spectrum Management Group partner Leslie Thompson. Thompson offers her views on where the US dollar may be headed in the second half of 2009. “The dollar has likely bottomed and it could be poised to rebound against the yen and the euro, because recent data suggest the American economy will recover before its counterparts across the seas,” reports Thompson.
SmartMoney’s Rob Wherry seeks out the investment expertise of Spectrum Management Group’s Bob Phillips. Taking into consideration huge losses in the past year and high levels of volatility, Phillips shares his approach to investing in emerging markets. “We are allocating more money to emerging markets,” says Phillips. However, he cautions, “It doesn’t take a lot of money flows to influence prices.”
Dennis Kneale of CNBC “Reports” speaks with Bob Phillips of Spectrum Management Group. Phillips advises viewers where to look for investment opportunities as the U.S. emerges from the recession. “I would have exposure in the energy sector,” suggests Phillips. “When you look at a growing economy you need energy to fuel it. Demand in the U.S. is down 5% year over year, so all it takes is that demand starting to pick up and oil companies will do very well.”
Palash Ghosh of Dow Jones Newswires spotlights Bob Phillips, managing partner of Spectrum Management Group. Phillips comments on how emerging markets affect U.S. exports, taking into consideration the retail and consumer sectors’ increasing dependence on China and other emerging nations. "Certain U.S. companies will definitely benefit from increased sales to the emerging markets," reports Phillips. "But that benefit will be swamped by the overall size of the rest of that company's operations. The impact of sales to the developing world will render a minimal impact on total revenues."