In this case, Alcon and America Movil are both apt to make solid long-term additions to buy-and-hold portfolios and can be confidently copied by investors. The two country-based ETFs, on the other hand, are a needlessly chicken-esque decision for the endowment's managers.
To be clear, both emerging markets have a great deal to offer. The problem is, their respective funds only offer a watered-down version of that potential. Active investors are better off taking the bigger country-themed hint from Harvard's endowment and then shopping for that locale's better individual stocks. You could even start by simply looking at the top holdings of the two ETFs. (For my favorite picks in Brazil, check out my recent article.)
This article originally appeared on
StreetAuthority. To read more articles from James Brumley on StreetAuthority, you can
visit this link .
Disclosure: At the time of publication, James Brumley owned no positions in the stocks mentioned.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV