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It doesn’t take much to get Tim Seymour all jazzed up about overseas markets, but we have to admit this data is pretty impressive.
First world stocks as measured by the MSCI All-Country World Index (ACWI) just put in their best quarter since the benchmark was first compiled in 1988.
And emerging markets were the main driver. MSCI's sub-index for the sector known as the EEM was up over 30% for the quarter, also a record high. This is around twice the gain of the S&P 500 index of the same period.
And Asia shares have been among the stars, with the MSCI Asia-Pacific ex-Japan Index (EEP) known as the EEP up 33.7 percent.
Not too shabby. But there’s more.
Investors ended the quarter clearly committed to future gains in higher-yielding assets. Reuters asset allocation polls for June showed cash reserves at a 23-month low, a sign that money was being put to work. EPFR data shows that about $130 billion has exited safe-haven money market funds in the year to date.
Considering all these results and trends, how should you position yourself?
I’m excited about auto production in the emerging markets, explains Tim Seymour. And OECD auto production generates 20% of global steel demand. As a result I like steel for the second half and I’d play it with Posco [PKX
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], or Companhia Siderurgica Nacional [SID
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].
Also I like playing emerging markets with handset and cellphone makers. And one of my favorite plays in the space is Vivo Participacoes [VIV
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], Seymour adds.
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Trader disclosure: On June 30th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (BTU), (AGU), (INTC), (MSFT), (NUE); Terranova Owns (TER), (RIMM), (MSFT), (XBI), (ABT); Finerman Owns (RIG); Finerman's Firm Own (NOK), (PBR), (RIG), (WMT), (FCN), (TBT), (ELX); FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (IJR), (IYR), (MDX), (SPY), (USO); Najarian Owns (F) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (JPM) & Short (JPM) calls; Najarian Owns (PALM) Call Spread; Najarian Owns (WNR) & Short (WNR) Calls; Najarian Owns (YHOO) Call Spread
Seygem Asset Management Owns (NOK); Seymour Owns (EEM); Seygem Asset Managemet Owns (VIV)
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes