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BRIC Bear Market Not Cheap Enough for Charles de Vaulx’s IVA

Kenster1_GlobalValue
edited May 2012 in Fund Discussions
BRIC Bear Market Not Cheap Enough for Charles de Vaulx's IVA

The MSCI BRIC (MXBRIC) Index's slide into a bear market has left equities in the biggest emerging economies trading at the lowest levels since 2009 versus global shares.

That's still not cheap enough for Charles de Vaulx to add a single stock from Brazil, Russia, India or China to his $9.7 billion IVA Worldwide Fund, which beat MSCI's global gauge by 29 percentage points since its inception in 2008. He's waiting for further declines of 10 percent to 20 percent before buying.

http://www.bloomberg.com/news/2012-05-17/bric-bear-market-not-cheap-enough-for-de-vaulx-finding-zero-buys.html

Comments

  • Sven
    Mr. de Vaulx's wish may come true sooner than one thinks. If the developed markets continue to slow, flatten out, or even enter recession, BRIC markets will also be affected as well.
  • InvestorInvestor
    edited May 2012
    I sold IVWIX. Not only the missed on the bull rallies, they also did not perform well in the declines. I've moved the monies in YAFFX and FMIJX
  • Sven
    I have been watching FMIJX. Certainly it has hold up quite well in the downturn. The ER is surpringly very reasonable.

    As for IVWIX, the large cash position tend to held it back during the up markets. Recent performance in the decline is in-line with the world allocation funds.
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