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" For more than a decade, industrializing countries like Brazil and China have drawn investors seeking to ride their rapid economic growth. Now, money managers are looking to places that feed these emerging giants — like Peru, the world's top source for fishmeal, a key ingredient in animal feeds.
Ask Francisco Alzuru, a money manager at Hansberger Global Associates, to explain the popularity of emerging markets and he'll tell you about fishmeal. It's essentially anchovy powder. Anchovies are hauled from the Pacific and mashed into a flour, which is then turned into feed for hogs and fish in China."
