Welcome
I've Been Thinking...
Overview
Recent Memories
Grabbers & Return Chasers
Trends Do Not Continue Indefinitely
Very Recent History Not Kind
Kindness Comes In Lumps
Moderation
Observations
10 Year Return
Global Money Management
Global Money Management
Prevailing Structure
The Promise Of The New Paradigm
Challenges And Obstacles
Wouldn't You Rather Have This
Argument For Global Summarised
Include EM
What Is The EM Opportunity?
Traditional Arguments
Inefficient Markets
A Troubled Past
Patience Is The Key
Observations
BRIC
BRIC Is One Of Many...
MSCI Definition
Broader Definition
Why Limit?
Observations and Conclusions
Thank You
