Why Emerging Market Refrigerators Contain Cold Hard Economic Data (II)
Tassos Stassopoulos, a senior vice president and manager of the emerging consumer portfolio, as well as the global growth and thematic portfolio at AllianceBernstein in London, has written an interesting article for Institutional Investor about how what is inside refrigerators shows economic progression in emerging markets. Stassopoulos first explained that their field research has found shacks in Ghana crammed full of consumer electronics owned by people otherwise considered poor by any other measure, but kitchens actually offer a more honest reflection of household wealth.
Their research suggests that Chinese consumers are in the indulgence phase where companies producing products like beer, butter and chocolates stand to benefit from rising incomes while Indian consumers are still filling their friges with efficiency items like milk, yogurt and ready-made sauces. Meanwhile, Brazilian consumers have shifted towards health mode that should benefit high-end food producers.
To read the whole article, Refrigerators in Emerging Markets Contain Cold, Hard Economic Data, go to the website of Institutional Investor.
- Emerging Market Investors Need to Think Beyond Investing in the BRICs (II)
- Best Consumer Stocks for Emerging Market Investors (Morningstar)
- Investor Sentiment Survey: What Emerging Market Investors Think (Franklin Templeton)
- Key Findings: Credit Suisse Emerging Markets Consumer Survey
- Artemis’ Edelsten: Emerging Markets are Expensive With the Exception of China (What Investment)
- India ETF Flows Touch $1.5 Billion, Highest Among its BRIC Peers (Economic Times)
- Emerging Market Stocks Advance on Reform Themes & Central Bank Expectations (Bloomberg)
- Margetts’ Ricketts: Low Oil Prices Mean Asia and Emerging Market Funds Can Keep Rallying (FE Trustnet)
- GAM’s Love: Emerging Markets Might Double Your Money Over Four Years (FE Trustnet)
- Surviving the Pharma Drug Price Wars in Emerging Markets (PharmExec.com)