Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (6769)	8/17/1998 4:39:00 PM
From: Steve Fancy	Respond to of 22640

Fund Mgr: Devaluation Of Ruble Clouds Emerging-Mkt Outlook Dow Jones Newswires NEW YORK -- The devaluation of Russia's currency will continue to cloud the economic outlook for emerging markets, according to Alliance New Europe Fund portfolio manager Stephen Beinhacker. "It exacerbates the trend of not knowing where the rolling sense of crisis from one emerging market to another will end," Beinhacker said in an interview with CNBC Monday. Beinhacker sees the problems in Russia as an extension of Asian economic woes. He believes that the chain of events that weakened Russia's economy could easily spread to Brazil, which is weathering a controversial election process. If China devalues its currency, Beinhacker said, the uncertainty concerning emerging markets would be perpetuated further. Yet the portfolio manager does not expect a devaluation in China. "A devaluation would actually get them nothing," he said. Beinhacker said his fund continues to pick stocks based on company fundamentals. He looks for cyclically oriented and defensive companies that show both fundamental growth and a strong quality of management. - Nicole Ridgway; 201-938-5174

To: Steve Fancy who wrote (6769)	8/17/1998 4:41:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Fund Mgr: Devaluation Of Ruble Clouds Emerging-Mkt Outlook Dow Jones Newswires NEW YORK -- The devaluation of Russia's currency will continue to cloud the economic outlook for emerging markets, according to Alliance New Europe Fund portfolio manager Stephen Beinhacker. "It exacerbates the trend of not knowing where the rolling sense of crisis from one emerging market to another will end," Beinhacker said in an interview with CNBC Monday. Beinhacker sees the problems in Russia as an extension of Asian economic woes. He believes that the chain of events that weakened Russia's economy could easily spread to Brazil, which is weathering a controversial election process. If China devalues its currency, Beinhacker said, the uncertainty concerning emerging markets would be perpetuated further. Yet the portfolio manager does not expect a devaluation in China. "A devaluation would actually get them nothing," he said. Beinhacker said his fund continues to pick stocks based on company fundamentals. He looks for cyclically oriented and defensive companies that show both fundamental growth and a strong quality of management. - Nicole Ridgway; 201-938-5174