GO
Loading...

Playing ‘down and out countries’

Friday, 19 Jul 2013 | 1:57 PM ET
Top plays in 'down and out countries'
Friday, 19 Jul 2013 | 12:40 PM ET
Despite emerging markets taking a beating, there's still money to be made in a few areas, Lewis Kaufman of Thornburg Investments says.

Despite emerging markets taking a beating so far in 2013, there's still money to be made in two broad categories of opportunity, Lewis Kaufman of Thornburg Investments said Friday.

"Southeast Asia is 20 percent of the Developing World Fund," he said. "It's about 10 percent of the MSCI Emerging Markets, so countries like the Philippines, Thailand, for the less risk-averse, maybe a place like Indonesia. I think that's a part of the world where in general GDP growth is still 5 percent. I think in the Philippines, it still has some potential to surprise positively."

On CNBC's "Fast Money," Kaufman said that the second area comprised "countries that are down and out of favor," which is where investors would do well "to lean against the grain a little bit."

India was his top play in this category.

"It benefits from lower energy and commodity prices, and gold prices are falling as well," Kaufman added.

In Thailand, he said, infrastructure and lower interest rates would benefit a company such as Airports of Thailand.

"That's a real robust story for international tourism," Kaufman said.

Trader disclosure: On July 19, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL; Pete Najarian is long BAC; Pete Najarian is long JPM; Pete Najarian is long C; Pete Najarian is long INTC; Pete Najarian is long GE; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long BBRY; Pete Najarian is long EEM; Simon Baker is long AAPL; Simon Baker is long JPM; Simon Baker is long CSCO; Simon Baker is long YHOO; Simon Baker is long THC; Simon Baker is long SLB; Simon Baker is long GOOG; Simon Baker is long NFLX; Simon Baker is long GE; Simon Baker is long AMD; Steve Weiss is long BAC; Steve Weiss is long C; Steve Weiss is long M; Steve Weiss is long CYH; As of 7/12 Jon Najarian is long AAPL; Jon Najarian is long JPM; Jon Najarian is long GDX overwrite calls; Jon Najarian is long FB; Jon Najarian is long MSFT ; Jon Najarian is long BAC; Jon Najarian is long SPRD; Jon Najarian is long NOK; Jon Najarian is long COP; Jon Najarian is long NTAP; Jon Najarian is long OC; Jon Najarian is long TMO; Jon Najarian is short EEM thru puts; Jon Najarian is short GLD puts.

  Price   Change %Change
EEM
---

Featured

Contact Halftime Report

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.