Nothing makes the arbitrary separation of foreign/domestic or developed/emerging markets look more ridiculous than the mining sector. Amazingly, people still think this way. Bloomberg points out that emerging market mining shares sell for a 23% discount to US-based peers, despite much, much better fundamentals.
Olivier Eugene, a fund manager at AXA sums it up nicely:
“It […]
Entries from March 2008
Mindless mining discount
March 10th, 2008 · No Comments
Tags: Borderless Investor
