As emerging market companies burst on the global scene, what are the best big-cap emerging market plays?
Following are Tim Seymour’s picks.
South Korea: Posco (PKX)
“This is a 60 billion company that’s a major emerging market play.”
Russia: Vimpel-Com (VIP)
”This is a play on consumer growth. And VIP is not just in Eastern Europe, they’re moving into Asia.”
China: China Aluminum (ACH)
”A lot of guys are short covering this stock.”
(Pete Najarian and Guy Adami prefer China Mobile as a China play)
Mexico: Cemex (CX)
“It might have sold-off because of a perception they’re connected to US housing but most of their business is with Latin America.”
Brazil: CVRD (RIO)
“It’s a “must” for investors looking for a big cap emerging market play.”