THE WAY WALL STREET HAS BEEN PERFORMING LATELY YOU MIGHT BE HESITANT TO EVEN look at your investment portfolio let alone consider dipping more of your hard-earned dollars into the international market. But experts say global is the way to go.
"Healthcare companies often have strong cash flow and strong balance sheets, and healthcare tends to grow through thick and thin," says F. Barry Nelson, senior vice president of New York-based Advent Capital Management L.L.C. (No. 5 on the BE ASSET MANAGERS list in $4.5 billion assets under management), which opened a location in London two years ago and launched the Advent/ Claymore Global Convertible Securities and Income Fund (AGC). "A big area is the growing use of generic drugs, which are manufactured around the world." In particular, Nelson highlights Teva Pharmaceutical (TEVA), the world's largest generic drug company, based in Israel. "It's essentially a global investment, of course. But it's not like buying a restaurant chain in a foreign country. It's big, its shares are liquid, and it's traded actively on NASDAQ."
Keep your eye on the following hotspots in 2009: Japan, Switzerland, Norway, China, and Brazil. Real estate may be a good investment in emerging markets. Look at serial entrepreneur Robert L. Johnson, chairman and CEO of RLJ Development L.L.C. (No. 5 on the BE INDUSTRIAL/SERVICE 100 list with $704.3 million in sales), who's building a four-star hotel resort in Liberia in 2009. Other industries to consider for your global investment portfolio include telecommunications in the Middle East and North Africa, manufacturing in China and India, IT services in India, and energy-related services in places such as Norway and the Middle East, all high-growth sectors. A cautionary note before you make your move: Read and understand what and where you're investing your money.
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|Title Annotation:||GOING GLOBAL|
|Article Type:||Brief article|
|Date:||Dec 1, 2008|
|Next Article:||Small business.|