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.”
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."