Thursday's best web covers jumpstarting the Brazilian economy, new ETFs, foreign investment in Bulgaria, Samsung releasing the new Galaxy Note 10.1 in Korea and surprising growth in Malaysia.
[caption align="alignright" caption="The Malaysian economy continues to grow at an impressive rate"] [/caption]
Best web: Brazilian ( EWZ , quote ) president Dilma Rousseff has proposed spending 133 billion real ($65 billion) on improving bridges and roads in an attempt to spur growth in the floundering Brazilian economy. It may not be enough. This sum of money amounts to half a percent of GDP but the stimulus will not raise Brazilian investment to the level of most emerging markets. Countries like Peru ( EPU , quote ) and Mexico ( EWW , quote ) will be spending nearly 5% more of their GDP on investment than Brazil. Futhermore, there is the question of whether this will be enough to resolve the myriad transportation concerns prior to the World Cup in 2014 or the Olympics in 2016?
Joseph Hogue of Emerging Money introduces two new emerging market themed ETFs set to begin trading soon
Best web: Emerging market investors are all familiar with the wildly popular iShares MSCI Emerging Market ETF ( EEM , quote ). One company, EGShares, is not satisfied with the composition of EEM which is heavily weighted towards the BRICs plus South Korea and Taiwan. Those six nations account for 70% of the ETF's holdings. Further, the weighting is biased towards natural resources and commodities rather than capturing domestic consumer consumption. EGShares' Beyond BRICs ( BBRC , quote ) and Emerging Domestic Demand ( EMDD , quote ) ETFs are the newest alternatives to EEM. While it is unlikely that either will supplant EEM, it is worth keeping an eye on these funds.
Novinite reports foreign investment in Bulgaria is climbing higher
Best web: The Bulgarian Central Bank released new foreign direct investment figures recently which showed positive in-flows of over €221 million or 6% of GDP for the first half of this year. Real estate investment was the primary driver of this expansion in FDI. The Netherlands, Switzerland, and Russia comprised the principal investors in the Eastern European nation. Bulgaria will likely continue to attract more investment as it settles in to its EU membership.
The Korean Herald details the Korean release of the Samsung Galaxy Note 10.1
Best web: The South Korean public ( EWY , quote ) can now get their hands on the latest Samsung ( SSNLF , quote ) tablet, the Galaxy Note 10.1. It features a larger LCD screen and the S pen -- a stylus, that enables the user to write on the screen as if it were paper. Samsung has already sold 10 million units worldwide. The device has not yet been released in the U.S., but it should be hitting the shelves next week in New York. This release is the first of many new phone and tablet releases expected over the next few months with Apple and Google expected to introduce offerings shortly.
Fintan Ng of The Malaysian Star reports the Malaysian economy grew more than expected last quarter
Best web: Strong domestic demand and an expansion of manufacturing led to an unexpected 5.4% jump in year-over-year GDP for Malaysia ( EWM , quote ). The results surpassed even the most optimistic economists' predictions; the central bank also reported a surge in private investment. As well, first quarter GDP results were revised upwards. The Malaysian economy could still be derailed if the global economy, particularly the eurozone, does not get back on track. The central bank maintained future GDP growth guidance between 4% and 5%. Hopefully, this is a story that will be repeated around the globe.