ARBOR OUTLOOK: Beijing to Pittsburgh to 30A: Emerging market stress

Published: Thursday, March 28, 2013 at 17:18 PM.

Pittsburgh is not an anomaly. The air in Los Angeles has failed to meet federal air standard regulations for the last 60 years.

Our local Metropolitan Statistical Area was named recently as the third fastest growing in the U.S., and Walton County is statistically one of the five fastest growing areas for retirees in the country. As new residents and growing tourism strain infrastructure and alter the caliber of the experience of daily activities, one wonders how local governments will cope with a growing demand for services.

The ability of emerging market nations to simultaneously develop their economic prowess and create livable, human conditions in their greatest centers of population is a testament to urban planning, good government and a collective will. 

So, are China and other emerging market nations with environmental and developmental challenges a good opportunity for investors? The answer is yes. However, our preference is to invest in carefully selected equities of American companies with broad, global appeal to emerging markets like China. These emerging markets are growing a solid middle class, one that desires to purchase Western products and seeks to emulate Western lifestyles.

As these emerging market nations evolve, more and more of their working class citizens will be lifted into a consumptive middle class.

Margaret R. McDowell, a Chartered Financial Consultant and Accredited Investment Fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121~www.arborwealth.net), a “Fee-Only” Registered Investment Advisory Firm located near Sandestin. Arbor Wealth specializes in portfolio management for clients with $250,000 or more of investable assets.

 



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