BERWYN, Pa.--()--The superior rate of economic growth of the BRIC nations – Brazil, Russia, India, and China – has slowed in the past two years. According to the latest position paper from Turner Investments, the BRICs may be succeeded by a new generation of economic stars: Turkey, Indonesia, Mexico, and the Philippines – or as the firm refers to them, the TIMP nations.
“still in position to be among the leaders in global growth in the years ahead.”
Turner, an employee-owned investment firm based in Berwyn, Pennsylvania, publishes position papers quarterly that present the firm’s viewpoint on investment-related topics.
Titled Look out, BRICs, here come the TIMPs, the paper was written by Bob Turner, chairman and chief investment officer. In the paper, Mr. Turner notes that some global investors have soured on the BRICs “like bicycle-racing fans repudiating Lance Armstrong.” But he believes the BRICs are “still in position to be among the leaders in global growth in the years ahead.” At the same time he identifies four nations that could be the next global growth leaders:
- Turkey, a country that has been dubbed the “Hottoman Empire” for its recent stretches of torrid economic growth, favorable working-age demographics, and strong tourism and automotive industries;
- Indonesia, where private consumption by a rapidly rising middle class accounts for nearly half of the nation’s GDP growth;
- Mexico, which has become a manufacturing hotspot and whose president is seeking to deprivatize a strong energy sector; and
- the Philippines, which is benefitting from a growth in customer-service call centers and money transfers from citizens working abroad.
To read this first-quarter 2013 position paper in its entirety, see the Turner Investments Web site http://www.turnerinvestments.com/turner-position-papers/. Or call 484.329.2407 for a free copy of the paper.
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Turner Investments, founded in 1990 and based in Berwyn, Pennsylvania, is an investment firm with more than $10 billion in assets under management in stocks, as of December 31, 2012. Turner manages growth, global/international, and alternative separately managed accounts and mutual funds for institutions and individuals.