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Strategies & Market Trends : Value Investing

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To: valueminded who wrote (28857)	11/7/2007 1:11:18 PM
From: Jurgis Bekepuris	of 78744

For Canada, why don't you just buy EWC? And EWA for Australia? Of course, the time to buy them was August. :(((( I was in Canada for a week recently and therefore thought about investing in there. The issues are as follows: - A large part of Canadian market is natural resources and financials. This brings two caveats: concentration in these two areas and possible alternatives in them. I.e. I am not sure this is a good time to be concentrated in nat resources and financials. And even if I wanted such concentration, I am not sure Canada is the place to be. For natural resources it MIGHT be the place to be, though the recent royalty tax increases are not very pro-business. Still Canada has a LOT of natural resources and it is much more pro-business than most other countries. For financials, I am not sure why I should want to be in Canadian banks vs. any other country. Someone might tell me if I am wrong there. - Canadian manufacturing is mostly done for US market. With huge loonie appreciation, this part of Canadian economy may be headed for rough times. Not sure how this would affect other parts of the economy. - Not sure how Canada will be affected by US recession. So far foreign markets are heading much higher as US market stalls, but I am not sure that I buy the decoupling of China/India/Canada/etc. from USA. IMHO quite a bit of all those markets are based on healthy US economy, so the exuberance about their companies with US stalling might be too cocky. (A friend suggested Brazil as the market most decoupled from US, but EWZ has gone parabolic already, so I am a bit afraid to invest in it now.) So probably the way to go is to buy some kind of Canadian natural resource index... if such trades in US market. I would be interested in other thoughts about Canada. And Australia too. :)

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