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Follow The Money Into Emerging Markets?

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It seems new taxes on outside investors looking to play Brazil can’t dampen enthusiasm about emerging markets.

New results show that that over $4.9 billion poured into emerging market stocks this week, bringing net inflows to more than $50 billion this year, according to EPFR Global.

And all the BRIC nations were beneficiaries – that’s right China, India, Russia and Brazil.

Earlier in the week Brazil stocks tumbled after the nation slapped a 2 percent tax on financial inflows to discourage hot money investors. But it seems investors have shrugged off the issue – and the possibility that other nation’s may follow Brazil’s lead.

Considering the EEM is up over 60% year to date while the Dow’s up about 13% over the same period – you may want to follow the money into emerging markets.

But how should you game it?

Remember this is a generational trade. We're talking about a middle class that poised to explode, explains Tim Seymour.

There a companies trading today that could be the bellwethers of tomorrow. Embraer may be the Boeing of tomorrow --  Itau Unibanco Banco
may be the BofA of tomorrow and Dr. Reddy's Laboratories
may be the Glaxo of tomorrow.

But however you game it, I'd make sure to get country exposure, consumer exposure and exposure to commodities, Seymour concludes.


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Trader disclosure: On Oct. 23th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman's Firm Owns (BKS) Puts, Is Short (BKS); Finerman's Firm Owns (MSFT); Finerman's Firm And Finerman Own (PDE); Finerman's Firm And Finerman Own (RIG); Finerman's Firm Owns (WLP) Calls; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (UNG); Finerman's Firm Owns (AET) Calls; Finerman's Firm Owns (UNH) Calls; Finerman's Firm Owns (BCR; Finerman's Firm Owns (STJ); Seymour Owns (FXI); Seymour Owns (EEM); Seymour Is Short (PBR); Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (BGP), (C), (COST), (PRST), (V), (WMT), (FAZ); Terranova Owns (WYNN); Terranova Is Short (AXP), (POT), (OIH), (FCX)

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