All Emerging Market articles – Page 5
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White papersGlobal Emerging Markets Equity Outlook H2 2025
Despite various headwinds, we see compelling opportunities in emerging markets (EM), particularly for quality and growth-oriented investors.
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White papersIs It Time to Revisit Emerging Market Equities?
EM equities have faced significant headwinds over the past decade, but recent developments suggest a turning point may be in progress. So far, 2025 is proving to be promising, as EM equities have delivered double-digit absolute returns and have outperformed developed market equities.
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White papersAsset Class Returns H1 2025
Improved growth/inflation mix: Our long-term model assumptions anticipate a fragmented and even more delayed energy transition, incorporating secular trends and uncertainties that impact price dynamics and volatility. Compared to last year, the growth/inflation outlook appears less penalised by a restrictive regulatory framework around the energy transition, but the uncertainty around inflation has increased.
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White papersUS dollar slide pauses amid US-Japan deal
The dollar fell by around 10% this year, as on 22 July, mainly due to uncertainty over President Trump’s trade policies and concerns over US debt and fiscal deficit. Issues like the political pressure on the Fed to cut rates aggressively have also weighed on sentiment.
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VideoGemcast Episode 3: The Misconception Gap
In episode 3 of Gemcast we are joined by an external guest, Max van Baasbank, Director at Alpha FMC who joins Pranav Khamar, Portfolio Manager at Gemcorp Capital to discuss the results of our recent study, Unmasking the potential. The study asked 75 leading institutional investors about their outlook and appetite for emerging market private credit.
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White papersGEMs ESG Materiality, H1 2025
In the latest issue, we provide an update on our voting and engagement activity over the last 12 months, while also shining the spotlight on our GEMs biodiversity risk framework.
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White papersEM in trade finance: unmet demand and alpha potential
Emerging markets provide an ideal investment environment for trade finance, connecting underserved areas with a vital source of alternative capital, while potentially offering investors a compelling mix of risk and return.
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InterviewMacroeconomic uncertainty? Emerging markets surprisingly resilient.
Geopolitical tensions and unpredictable US trade policies continue to unsettle global financial markets. Yet, many emerging economies are demonstrating notable resilience. Economist Maritza Cabezas and Tim Crijns, fund manager of the Triodos financial inclusion funds, discuss how improved local dynamics and increased regional cooperation mitigate the effects of global trade uncertainty. They also underscore the opportunities available to investors who want to make a meaningful impact in today’s world.
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White papersPerspectives Emerging Markets
Perspectives Emerging Markets offers quarterly updates from our research team, providing in-depth analysis of economic developments, market trends, and investment opportunities in emerging economies.
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White papersChina: Bringing the Long-Term Picture into Focus
While Chinese equities have faced increasing scrutiny, we believe the long-term case for the asset class remains compelling—supported by technological advancement, policy support, a resurgent consumer, and attractive current valuations.
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White papersMid-year Investment Outlook 2025
“Despite unpredictable policymaking, business resilience, and the reorganisation of global trade and financial systems, the expected rate cuts from central banks will create opportunities in global equities. We are focusing on themes such as European defence spending, US deregulation, corporate governance reform in Japan, and the ‘Make in India’ initiative.”
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White papersIndia and EM are winners of the rerouting shift
We maintain a positive outlook on emerging market (EM) equities for H2 2025, driven by recovering macro momentum, stabilising inflation, and central banks on an easing path. While growth remains positive and earnings decelerate to low single digits, the key narrative is the fading US exceptionalism, highlighted by a weakening dollar and declining trust in US policy, which enhances the attractiveness of EM through repatriation and diversification flows.
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White papersMacro brief: What could a China shock 2.0 mean for Europe?
High US tariffs make it more likely a bigger share of China’s industrial overcapacity finds its way to Europe. This would benefit European consumers by lowering inflation and boosting real incomes. But without any trade response from Brussels, it could squeeze domestic production and to counter that, targeted trade defence measures may be required.
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White papersEquity Outlook – More wind in the sails
The imposition of tariffs by the Trump administration puts more wind in the sails driving the dominance of tech and related sectors versus the rest of the market.
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White papersGlobal Investment Views - June 2025
The art of policymaking is a lot about setting expectations against which all future decisions are assessed. When President Trump famously introduced his extreme tariffs on ‘Liberation Day,’ markets were obviously concerned. Since then, resilience in US labour markets, better-than-expected earnings, and trade war de-escalation have boosted sentiment. Risk assets have rebounded, and bond yields risen.
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White papersIndian assets have long-term allure as global rivalries intensify
Equity investors will have to cope with greater trade protectionism and regional rivalry, delayed climate transition, and technological transformation in the next decade. In our 2025 Capital Market Assumptions – which examine long-term return expectations for 40 global asset classes – we see shifting dynamics across equity markets, characterised by strong earnings growth in select regions, tempered by valuation challenges.
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White papersOil prices stop making sense
For the past few years, the expanded group of oil producers known as OPEC+ have tried collectively to stabilise crude prices by lowering production in order to dampen price volatility to the downside. But because several members of the wider cartel have different and conflicting fiscal and external financing priorities, efforts to limit output have not only failed, current production has increased. This would be newsworthy by itself, but is even more puzzling considering the potential impact of tariffs on global demand.
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White papersEmerging Markets: Finding Opportunities amid the Global Economic Reset
US policy changes look daunting—but emerging markets still have upside.
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White papersFour factors that could drive Chinese equity markets
Despite geopolitical, trade, and economic uncertainties, China’s stock market has emerged as one of the top returners globally in recent times. The MSCI China Index produced 10% in the first four months of 2025 and 26.5% over the past year, outstripping the MSCI USA, MSCI Emerging Markets and MSCI ACWI indices.
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White papersWhy Does Volatility Often Lead to Strong Emerging Equity Returns?
Moments of Extreme Fear Have Prompted Emerging-Market Equity Outperformance.
