Is short-term noise masking a long-term opportunity in EM Equities?
Emerging markets (EMs) are in the headlines on a regular basis—both with positive and negative news flow—but rarely do we hear the whole story.
The short-term focus often exhibited in markets today can and many times does mask a number of supportive secular growth trends with the potential to generate long-term opportunities in EM equities. EMs are already very significant in size, and growing at a much faster pace than developed markets. On a purchasing power parity (PPP) basis, which considers the relative standard of living, EMs account for more than half of the world’s GDP.1 Going forward, we believe this growth will continue to serve as a tailwind for EM companies, as it’s fueled by three core drivers that show no signs of abating: demographics, technology, and ESG.
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