The global investment trend is crashing into us at breakneck speed, says Andy Carpenter in Investor’s Daily Edge.

It’s a growing theme here at Contrarian Profits. As the US economy falters, many of the contrarian investment experts we publish daily are advising readers to go global.

Last week, William Patalon in Money Morning argued that every successful investor needs a China investment strategy,  and Taipan Daily editor Justice Litle wrote about how the most bearish man in America, Nouriel Roubini, is bullish on emerging markets. This from Andy…

In his new book, “When Markets Collide: Investment Strategies for the Age of Global Economic Change,” the co-CEO of bond-investing giant Pimco, Mohamed El-Erian, argues that global expansion has fundamentally changed the way to invest.

Last week, in a Q&A with Money, he said…

• “In the old days, if the US economy contracted, the rest of the world would do even worse. But today, if the US contracts, the rest of the world might contract by only half. That’s a fundamental change. The wealth of the emerging middle class in countries like Brazil, India and China is becoming a force in itself.”

• “The typical US investor tends to have about 80 percent of equities in the US. The world of tomorrow suggests a much greater exposure overseas. In general, you should consider holding a third of your equities in the US, a third in industrial countries outside the US and a third in emerging markets.”

Of course, each week brings another reason why the global investing trend is undeniable.

Last Tuesday, the Dow Jones Indexes said it was ready to launch The Global Dow, an index whose components will be selected by the editors of The Wall Street Journal.

To accentuate how global the financial world has gone, Rupert Murdoch, who owns Dow Jones, unveiled the The Global Dow plan while he was in Mumbai, India.

Murdoch, the mega-wealthy media tycoon, pretentiously said:

“The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a re-weighting of risk around the world, but the world itself is being economically re-rated and so we need an index that allows investors to take advantage of these changes. Indian companies will obviously have a place in The Global Dow as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades.”

And, according to a horribly written press release from Dow Jones:

“The Global Dow will track the share prices of existing and future global leaders in every industry. Vigorous companies from emerging economies will be included along with companies from emerging sectors such as alternative energy.”

Lousy quotes and bad press release talk aside, you can get the point.

The global reality is crashing into us at breakneck speed. So fast, perhaps, that The Wall Street Journal’s managing editor, Robert Thompson, didn’t think he sounded like a boob when he issued the following statement:

“While we must reflect the global stock market as it is, we must also recognize the rapid rise of companies in countries such as India. We have already seen great Indian companies acquiring famous brands such as Jaguar and Land Rover, but these developments are just the beginning of a long-term trend that will fundamentally change the international corporate landscape. As with the Dow Jones Industrial Average, the component choices for the new index will be based on the editorial judgment of the world’s leading business journalists, that is Dow Jones journalists.”

What a self-serving mouthful.

Murdoch and minions should take a lesson from John Tsang, Hong Kong’s Financial Secretary.

Source: Global Investing Juggernaut Gains Momentum