Third Week at Thomson Reuters
June 13, 2010
In my third week here at Thomson Reuters, as expected, I finally started to conduct my research that as explained earlier, targets portfolio managers from around the world which represent different global companies. Just a quick reminder from last week – The research mainly revolves around the notion that the reclassification by the MSCI (Morgan Stanley Capital International’s market capitalization weighted index) of the Israeli equity market from EM – ‘Emerging Market’ to DM – ‘Developed Market’ may impact the way in which these very same investors carry on their business decisions.
More specifically, my research in its most basic form, revolves around these five basic questions (of which I have written below as a guideline for each conversation that I had with the different portfolio managers);
- What are your thoughts about investing in the Israeli equities markets? (banking, chemicals, high-tech, bio-tech & telecom)
- With the recent MSCI upgrade to developed market status, are you now doing due-diligences on Israeli equities?
- What are the biggest challenges/obstacles for investing in Israeli equities?
- Are you focused on companies that have a majority of their Revenue in Israel (banks and telecom) or foreign revenue?
- Do you feel that you have enough access to management/information on Israel corporations?
Since I just started doing the research, I won’t go into detail as to what I found out until now (also because I don’t believe that I have enough input from the different Portfolio Managers to make a conclusion) but what I can say is that I am continuing the research in the upcoming week and so I should have enough data by the end of it. In addition, besides the rough data, I would like to say that I find it really interesting to conduct these conversations with all of these different professionals from around the world. It is really eye opening as to what the world thinks of Israel’s market and business etiquette.
On a different note, overall my experience here in Israel has been great, I got to see many of my friends in the past couple of weeks and I am looking forward to seeing many more as time goes by.
