This company is making innovative and cost effective phones for the emerging markets and can help us take advantage in the growing wealth of asian middle class.

Most haven't heard of this company but they are the fifth largest smartphone maker in the world. Xiaomi (XIACY) actually has the highest market share in India, it is fourth in China (ahead of Apple) and sixth largest in South America.

The company sells phones in 70 countries and is gaining market share in the US but its main growth and focus has been dominating the emerging markets.

There is plenty of growth left in the emerging markets compared to the US. For example 80% of the US population has a smartphone so new smartphone companies have a harder time competing for market share. Where as in India only 24% have a smartphone providing Xiaomi plenty of room to convince over 1 billion potential new customers to buy their phone first and hope to keep them on the upgrade cycle.

Xiaomi has already shown strength in India with a 27% market share verse only 5% for Apple.

As emerging market customers buy a smartphone for the first time or as Xiaomi wins new customers with their innovation the companies massive growth will continue on the backs of a growing middle class.

If you are looking for foreign stock investment today add Xiaomi (XIACY) to your list today.

Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.