Batterymarch Founder LeBaron: Follow Chinese Investors to Africa, Canada, Mexico

Wednesday, 22 Jan 2014 07:43 AM

By Dan Weil

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Dean LeBaron, retired founder of Batterymarch Financial Management, sees Chinese investors as the smart money and is thus following them to Africa, Canada and Mexico.

The only individual stocks he holds are Chinese, including INESA Electron, a technology manufacturer, and Shanghai Chlor-Alkali Chemical, writes Wall Street Journal columnist Jason Zweig.

LeBaron sees China as more disciplined in its fiscal and monetary policy than the United States is, he tells Zweig.

Editor’s Note:
These 38 Dates Are Key to Bagging $313,038

As a result, "I follow China around the world and invest where they invest," LeBaron explains. Lately that has included Nigeria, Ghana, Kenya, Canada and Mexico.

Individual investors might consider investing in those countries through low-cost exchange-traded funds (ETFs), such as Market Vectors Africa Index, iShares MSCI Canada and iShares MSCI Mexico Capped, Zweig says.

LeBaron believes that for investing in general, the environment will soon change to one that is about "los[ing] as little money as possible" from one that for decades was about making as much money as possible.

"If we are in a transition period, then the person who is in the most danger is the one who has recently done well, because he's done well on things that are about to change," LeBaron adds.

Karim Sadek, managing director at Citadel Capital, also sings the praises of Africa.

"Across the continent, there are billions of dollars a year in infrastructure investments seeking funding — and an abundance of natural resources that will be the nucleus of an industrial base across the continent," he writes in The (Kenya) Star.

Editor’s Note: These 38 Dates Are Key to Bagging $313,038

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