October 19, 2017
YOU’VE PROBABLY HEARD ABOUT 'emerging markets' over the years —maybe a news story about a debt or currency issue in one country or political unrest in another. But when it comes to investing in them, your first thought might be, ‘Thanks, but I think I’ll wait ’til they’re done emerging.'
With that, Nick Giorgi, an investment strategist in the Chief Investment Office at Bank of America Global Wealth & Investment Management, launches into the first of a new series of videos called Market Decode
The goal, says Giorgi, “is to demystify investing.” He explains, “It can sometimes seem to the average investor that people in wealth management speak a foreign language: puts, calls, sectors, asset allocation. Our aim with this series is to translate how the markets work into the kinds of conversations you might have with your colleagues at the watercooler. Or over dinner with friends.”
Our aim is to translate how the markets work into the kinds of conversations you might have with your colleagues at the watercooler. Or over dinner with friends.
Market Decode will feature Giorgi and other strategists from the Chief Investment Office offering straightforward explanations and sharp insights into timely financial and economic topics. It’s designed to help you make well-informed investing decisions that can help you pursue your goals.
First up, Giorgi “decodes” emerging markets—24 countries around the world that are projected to grow twice as fast as the U.S. this year and next, according to the Chief Investment Office. Along the way, he investigates a phenomenon known as “home country bias,” or the tendency for investors to tilt their portfolios strongly toward domestic assets, which helps explain some people’s reluctance to invest in this sector.
Watch the first in the series, “Why You Should Care About Emerging Markets,” above. “Keep your eye out for others in this series,” says Giorgi, “and talk with your advisor about the ideas we’ll be covering.”
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