Emerging Markets Annual Letter 2024
2024 marks the eighth full calendar year for the UCITS version of our emerging markets equity strategy.
2024 marks the eighth full calendar year for the UCITS version of our emerging markets equity strategy.
Read more about Emerging Markets Annual Letter 2024Fund |
2024 marks the eighth full calendar year for the UCITS version of our emerging markets equity strategy.
Outlook |
Politics don’t matter. At least that’s what you might have concluded from last quarter’s review which avoided any mention of the US election, the political turmoil in France or Germany, the mess in the Middle East or Ukraine.
Outlook |
Market participants are now certain that there will be no ‘technical’ recession, and the sunlit uplands of equities frolicking in fine weather await.
Insights |
We were back in Brazil for the first time since 2019.
Outlook |
When you write reviews with a quarterly cadence, sometimes it’s hard to think of new things to say. Things go up, things go down, things go sideways, or some variant thereof.
A summary of our approach to responsible investing, with illustrative examples of how ESG integration and active ownership activities are conducted at our firm.
Outlook |
‘Pessimists sound smart. Optimists make money.’ This quotation has turned out to be prophetic, at least over the past quarter. There wasn’t any point agonizing about geopolitics or how expensive markets were; it was futile worrying about the path of interest rates or inflation. All you had to do was buy stocks exposed to artificial intelligence (AI) and weight loss drugs; this was a policy which took you to the US and (to a lesser extent) to Denmark.
Outlook |
In what has become a common refrain, Emerging Market (EM) equities once again found themselves lagging behind their Developed Market (DM) peers over the last calendar year.
Fund |
2023 marks the seventh full calendar year for the UCITS version of our emerging markets equity strategy.