Word: biotechs
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Dates: during 2000-2009
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REASON Third largest producer of biotech crops in the world, after the U.S. and Canada...
REASON The country is eager to participate in the potentially profitable biotech revolution but is worried about alienating anti-GM customers in Europe...
...Merrill Lynch has entered the tradable-funds sweepstakes with HOLDRs (Holders). Again, you pay a sales commission, but the management fee is minimal, and waived altogether if not covered by dividends paid by companies in the portfolio. The basic HOLDR consists of 20 stocks targeting, say, the Internet, biotech or banking industry...
...genetically modified ingredients--an effort shouted down by angry consumers. Meanwhile, Greenpeace began to target U.S. companies such as Gerber, which quickly renounced the use of transgenic ingredients, and Kellogg's, which has yet to do so. With so-called Frankenfoods making headlines, several other companies cut back on biotech: McDonald's forswore genetically engineered potatoes, and Frito-Lay decreed it would buy no more genetically modified corn...
...Label Genetically Engineered Food with a staff of one (himself), mount a website and sell 160,000 "Take Action Packets" in nine weeks. Want to know what the Chileans are doing about transgenic grain shipments? How South Korean labeling laws work? Just subscribe to one of the four biotech e-mail lists of the Institute for Agriculture and Trade Policy, based in Minneapolis, Minn...