Emerging markets have spent much of the past decade overshadowed by narratives of sluggish performance, macroeconomic volatility, and geopolitical noise. Yet this backward‑looking view obscures the profound evolution taking place beneath the surface. Many emerging economies have strengthened their balance sheets, deepened their capital markets, and built globally competitive companies - often in sectors driving the next wave of global growth, from digital payments and e‑commerce, to renewable energy and advanced manufacturing.
When you shift from the broad headlines to a bottom‑up lens, a very different picture emerges: a mosaic of fast‑growing consumer markets, innovation hubs, and structural reform stories that are reshaping the investment landscape. Valuations in many of these markets remain compelling, especially relative to developed markets where growth is slowing and concentration risk is rising.
For skilled active investors, we believe this combination of improving fundamentals, attractive entry points, and diverse sources of alpha makes emerging‑market equities not just interesting, but one of the most underappreciated opportunities in global investing today.
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