Q3 2012 Letter from the President | Part 3

This week we will be presenting excerpts from the latest President’s Letter by Roger Hewins. If you missed it, catch up with this week’s posts on risk and volatility in the market, and some emerging opportunities.

Meanwhile, in the rest of the world…

While we in the developed markets remain preoccupied with our troubles, the rest of the world, which we call “emerging” for the most part, is continuing to march. These charts tell quite a story:

Source: J.P. Morgan Asset Management1

As you can readily see from the pie charts, while the US is once again close to half of the world’s weight in capital markets, it is only 19% of world GDP. Emerging markets are now half, and growing fast. Ponder that one.

Developed vs. Emerging Markets

Source: J.P. Morgan Asset Management2

So what is “emerging?” Well, you can see from the chart above developed countries have GDP/capita in the range of $35-50,000; emerging countries are usually $1-2,000 or less. A handful have grown to over $10,000/capita, but still not “developed.” But getting there. And you can see they are growing and have low unemployment, while we are not and do not. Not until we address our problems.

The future is going to look different; this should be exciting! I am looking forward to it, myself; how about you?

Hewins Financial Advisors, LLC d/b/a Wipfli Hewins Investment Advisors, LLC (“Hewins”) is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. Hewins is a proud affiliate of Wipfli LLP. Information pertaining to Hewins’ advisory operations, services and fees is set forth in Hewins’ current Form ADV Part 2A brochure, copies of which are available upon request at no cost or at www.adviserinfo.sec.gov. The views expressed by the author are the author’s alone and do not necessarily represent the views of Hewins or its affiliates. The information contained in any third-party resource cited herein is not owned or controlled by Hewins, and Hewins does not guarantee the accuracy or reliability of any information that may be found in such resources. Links to any third-party resource are provided as a courtesy for reference only and are not intended to be, and do not act as, an endorsement by Hewins of the third party or any of its content or use of its content. The standard information provided in this blog is for general purposes only and should not be construed as, or used as a substitute for, financial, investment or other professional advice. If you have questions regarding your financial situation, you should consult your financial planner, investment advisor, attorney or other professional. Hewins does not provide tax, accounting or legal services.
Roger Hewins
Roger Hewins

President

Roger Hewins is the President of Hewins Financial Advisors, based in North Palm Beach, FL. Roger has more than 30 years of experience in investment management, helping bring the sophisticated financial advice typically reserved for large institutional clients to everyday investors, from high-net-worth individuals and families to small businesses and retirement plans.

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Q3 2012 Letter from the President | Part 3

time to read: 2 min