What is 'Turkey, Indonesia, Mexico, Philippines (TIMP)'

TIMP stands for Turkey, Indonesia, Mexico and Philippines. Similar to BRIC, for Brazil, Russia, India and China, the acronym groups emerging market economies in similar states of economic development.

BREAKING DOWN 'Turkey, Indonesia, Mexico, Philippines (TIMP)'

TIMP was coined by Bob Turner, the chief investment officer of Turner Investment Partners, a Berwyn, Pennsylvania asset management firm. He noted that these countries possess qualities that should keep them and their stock markets expanding rapidly and profitably. Further, TIMP nations have good growth prospects due to favorable demographics, political stability, liquid stock markets, well-established legal and financial systems, and diverse industrial bases. Proximity to large economies, such as the United States, the Eurozone and China, is also a factor. He also said that each TIMP country has an idiosyncratic feature that adds to its appeal. He highlighted Turkey’s location, which allows it to bridge Asia and Europe along one axis and Russia and the Arab world along the other. Mexico has had manufacturing strength, Indonesia a rapidly growing middle class, and the Philippines a booming call center industry.

Small investors may be better off gaining exposure to TIMP through funds rather than individual stocks because the markets are small and not that liquid. For such investors, there are exchange-traded funds (ETFs) that focus on the TIMPs. However, several TIMP stocks do have American depositary receipts (ADRs), which are shares denominated in dollars and traded on U.S. markets that may be attractive to less risk-averse investors. Emerging countries carry sovereign risk, such as if a new leader emerges that does not favor capitalism. Also, any global slowdown has a greater impact on emerging countries than developed ones.

Other country acronyms

To understand emerging markets, analysts​​​​​​​ and investors have grouped countries together. Shared characteristics, rather than shared geographies, have been used to match different economies, with variable success as markets evolve.

  • MIST: Mexico, Indonesia, South Korea, Turkey; next tier after BRICs
  • MINT: Mexico, Indonesia, Nigeria, Turkey
  • Next 11: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea, Vietnam; have the potential to become large economies this century
  • Fragile Five/BIITS: India, Turkey, South Africa, runlarge current account deficits
  • EAGLEs - Emerging and Growth Leading Economies: Brazil, China, Egypt, India, Indonesia, South Korea, Mexico, Russia, Taiwan, and Turkey; all may be updated
  • PIIGS: Portugal, Italy, Ireland, Greece, Spain; weak and indebted during bloc crisis
  • CIVETS: Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa ; growth drivers
  • SANE: South Africa, Algeria, Nigeria; likely African growth countries
  • STUCK: South Africa, Turkey, Ukraine, Colombia, UK; large current account debt
  1. MINTs (Mexico, Indonesia, Nigeria, ...

    Mint is an acronym coined by major investment firm Fidelity in ...
  2. Emerging Market Economy

    An emerging market economy is one in which the country is becoming ...
  3. Government Investment Unit - Indonesia

    The Government Investment Unit - Indonesia, is a sovereign wealth ...
  4. Lion economies

    Lion economies are a nickname given to Africa's fast-growing ...
  5. Brazil, Russia, India and China ...

    BRIC (Brazil, Russia, India and China) refers to the idea that ...
  6. South African Reserve Bank

    The South African Reserve Bank is the central bank of South Africa. ...
Related Articles
  1. Investing

    Emerging Markets Catch Investor Interest: UBS

    In the wake of struggles in Turkey, investors are returning to emerging markets to 'buy the dip'.
  2. Financial Advisor

    How The Russian Conflict Affects The Turkish Economy

    Is it time to pull money out of Turkey? Here’s how the conflict between Russia and Turkey, stemming from Turkey shooting down a Russian plane, is severely impacting the Turkish economy.
  3. Financial Advisor

    Does Indonesia’s OPEC Membership Matter?

    The sprawling archipelago nation joined OPEC in 1962 and suspended its membership on January 1, 2009, mostly due to declining domestic oil production and rising domestic demand. Indonesia will ...
  4. Investing

    Time to Add Emerging Markets to Your Portfolio?

    Now that emerging markets are out of favor, is it time to add them to your portfolio?
  5. Insights

    Moody’s Downgrades Turkey to 'Junk' (TUR, EEM)

    Today, the Turkish lira fell 1% and the Borsa Istanbul 100 Index was more than 4% lower.​
  6. Financial Advisor

    Keep an Eye on These Emerging Economies

    Emerging markets have been hammered lately, but these three countries (and their large and young populations) are worth monitoring.
  7. Insights

    The Healthiest Emerging Markets in 2015

    2014 was a rough year for several well-known emerging market economies. This year is likely to be better for a select few.
  8. Insights

    How to Invest in the Philippines' Stock Market (EPHE, PIE)

    The Philippines offers more long-term growth potential than most economies around the world. Here's how to play it.
  9. Investing

    Encouragement for Indonesia ETFs

    An upgrade to Indonesia's credit rating could jump-start its equity markets.
  10. Investing

    May's Top-Performing ETFs

    May's top-performing ETFs have a deep international flair.
  1. Is Mexico an emerging market economy?

    Learn the difference between a developed economy and an emerging market economy, and understand why Mexico is an emerging ... Read Answer >>
  2. What are some real life examples of absolute advantage?

    Learn about absolute advantage, comparative advantage and their impact on trade through a real-world example involving call ... Read Answer >>
Trading Center