34 BARRON’S November 7, 2016 November 7, 2016 BARRON’S 19

Our Panelists' Picks

These four emerging market money managers are finding opportunities in some unusual places, but on the whole are wary of China and Brazil.

Fund / Ticker

Recent Price* Comments

MATTHEW BENKENDORF | Virtus Emerging Markets Opportunities / HEMZX

Ambev / ABEV

$5.55 Highly profitable beer company is raising prices

Fomento Econ?mico Mexicano / FMX

90.04 Owns stakes in Heineken, Coca-Cola bottler; pressure on peso is overdone

HDFC Bank / HDB

70.01 Well run private-sector bank will grow as Indians use more banking products

Alibaba Group Holding / BABA

98.51 Chinese Internet giant can keep growing, helped by rising consumption

Tencent Holdings / 0700.Hong Kong

HKD 204.40 Dominant Chinese e-commerce and online gaming company with strong growth ahead

Matahari Department Store / LPPF.Indonesia IDR 16325.00 Large Indonesian retailer will benefit as economy recovers

ARJUN DIVECHA | GMO Emerging Markets / GEMMX

Cemex / CX

$8.41

Yes Bank / YES.India

INR 1209.65

Sberbank of Russia / SBER.Russia

RUB 142.36

Mexican cement company has a wide competitive moat Smaller private-sector Indian bank should do well as economy improves Russian bank's stock is up 62% in dollar terms, but could rise further as ruble and economy recover

ANDREW FOSTER | Seafarer Overseas Growth & Income / SIGIX

Sanlam / SLM.South Africa

ZAR 6520.00 Conservatively managed South African life insurer with cash to expand abroad, fund dividends

Infosys / INFY

$15.16 Indian IT company is reorganizing; could grow 11% over next three to four years

MICHAEL KASS | Baron Emerging Markets / BEXFX

Haitong Securities / 6837.Hong Kong

HKD 13.58

Bid Corp. / BID.South Africa

ZAR 23575.00

Amara Raja Batteries / AMRJ.India

INR 1030.35

Zee Entertainment Enterprises / Z.India

500.90

Mr Price Group / MRP.South Africa

ZAR 14780.00

PVR / PVRL.India

INR 1207.60

Bank Mandiri / BMRI.Indonesia

IDR 11500.00

Bank Negara Indonesia / BBNI.Indonesia

5525.00

*As of 11/2/16.

Company stands to benefit from deregualtion allowing more securitization in China South African food-services company helped by weaker rand Replacement-battery maker should benefit from economic recovery; tax reforms will hurt rivals Reforms should lower Indian broadcasting company's tax rate Fast-growing South African discount apparel retailer benefits from stronger rand An Indian multiplex theater chain helped by tax reforms Infrastructure investments and economic recovery could help state-owned bank Loan growth at state-owned bank should accelerate as economy recovers

Source: Bloomberg

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