Comparing the Performance of Sensex and Bovespa Indices

Last year India’s  was one of the best performing emerging markets with the Sensex rising about 26%. Brazil had a lackluster performance with the Bovespa gaining under 8% for the year. Though both are part of the BRIC countries, the economies of Brazil and India differ vastly. For example, India is a major importer of …

Continue reading ‘Comparing the Performance of Sensex and Bovespa Indices’ »

First-Ever OTC ADR Index Launched

BNY Mellon and OTC Markets Group joined forces together and launched the first-ever OTC ADR Index last month. From the OTC Markets Newsletter: Today, a wide variety of ADRs — more than 1,400 — trade on the OTCQX®, OTCQB® and OTC Pink®marketplaces, a fivefold increase from just 10 years ago. In the first nine months of 2012, 251 …

Continue reading ‘First-Ever OTC ADR Index Launched’ »

Invest in Infrastructure Stocks

What are the advantages of investing in the infrastructure industry? High barriers to entry; Economies of scale (e.g., high fixed, low variable costs) Inelastic demand for services (giving pricing power) Low operating cost and high target operating margins; and Long duration (e.g., concessions of 25 years, leases of 99 years) Second, here is the value …

Continue reading ‘Invest in Infrastructure Stocks’ »

Are Italian Stocks Attractively Valued Now?

Italy’s benchmark FTSE MIB Index rose 9.04% in 2011. This is lower then other European indices such as Germany’s DAX which had an excellent run. According to a research report by AXA Investment Managers, Italian stocks are trading at a substantial discount relative to their global peers. Though the discount has decreased since the depth …

Continue reading ‘Are Italian Stocks Attractively Valued Now?’ »

Update: Withholding Tax Rates by Country for Foreign Stock Dividends

With the start of New Year some investors are looking for information related to withholding taxes on dividends paid by foreign companies in order to make portfolio changes. So here are the updated withholding tax rate tables to my earlier post on the same topic last year. Please note that this information is accurate as …

Continue reading ‘Update: Withholding Tax Rates by Country for Foreign Stock Dividends’ »