Chris Cordaro, CIO of RegentAtlantic says he recommends a 10% allocation to emerging markets in a portfolio because valuations in those countries are still really strong.
Stocks giving back early games. Joining us for a look at the markets with Chris Cordero he's the Iowa while management firm region as well Chris if you after a morning rally yes and almost you know bring back the breakeven point. NASDAQ now in the ground what happened. Well I think stock is stocks remain skittish or just had a a really difficult start to the year and confidence is eroding in the markets so I think we're gonna continues his volatility for a little while whereas here. Yeah I think it's advocates fear you have last year was very difficult year in. It's all the same news though that's the interest there's no new news here right it's China's slowing at the face increasing rates we know that's happening. So and oil yes. I'm so just a blip in an otherwise down did downward market still. Yes but I think. You know they're fundamentally it is we we know everything that's how we we know all the bad news already. So fundamentally I think we're still OK we could turn around 2006 feet but I've just got its forecast for global growth had China reports we this growth in the quarter century last year. Mean that the IEA. When he Brett does help I could operatives are too big numbers right. If you if but if you would just pulled the man on the street out there right okay the IMF is projected 3.4 percent growth for the world I feel about that. Pretty suppose China's particular project six point 4% that was the latest GDP had a pretty good. Most people would feel pretty good in the in the absence of you know an absolute sense. Relatively people feel so great. Makers are because everything is slow. That the senate. What you'll. A mrs. that's elect emerging markets wanna ask you why because. And if that the IEA report mentioned China Brazil. Russia as portable. Sources a week in and there's all that concerns us rates by US interest rates that would hurt. March break and it I don't like emerging markets for part of someone's work full not a not a huge percentage but it Alley you know a 10% allocation so excellent portfolio help. Emerging markets had still not recovered from the October 7 October 2002007. There valuations are still really strong. When they turn around they can turn around move very quickly you know if you look at the history of emerging market stocks. You've got countries we've had enormous gains and it comes very quickly. Once sentiment change you can see really and how to play two hours mark. Particularly countries to stocks I would I'd look over overall outlook for a good solid mutual fund that gets the entire market. And it also look for expressed on the users. Emerging markets fall because that's where you're gonna get the real growth in home Con-way. It's not so much about how many cell phones and TVs we've die in the developed world. Right there you wanna be exposed to. What's going on home economy to those markets in particular font mystery client. And I'm here we're we're generally looking it index ETFs for our clients. To get exposed. Chris thank you thanks to Chris Cordero region Atlantic I'm Fred cut ailment this is.