Emerging Markets Annual Letter
The structural case for investing in emerging markets remains clear to us.
This is the time of year when prognostications bloom. The reality is that nobody has any idea what will happen in the year ahead. Forecasts tend to reflect the ideological or emotional views of the forecaster, and the strongest correlation of any forecast is with what happened in the past year.
Read more about Reflections & Insights – Q1 2026
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The structural case for investing in emerging markets remains clear to us.

GuardCap Global Equity Fund and the GuardCap Emerging Markets Equity Fund are the recipients of the highest Morningstar Sustainability Rating™…

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2018 was a reminder that what we are trying to achieve is not easy.

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2017 was the first full calendar year for the UCITS version of our emerging markets equity strategy.