Quarterly video update: Is value developing in emerging markets?
“Emerging markets remain in a much better position…but it is important to monitor where value is developing”
James Syme, Senior Portfolio Manager, Pendal Global Emerging Markets Opportunities Fund
A number of emerging markets have felt the impacts of a strong US dollar, volatility in the oil price and a tightening of the reins on US trade policy so far in 2018, resulting in varied performance across different countries.
In this quarterly update, Senior Portfolio Manager James Syme:
– explains the role of major policy decisions in driving performance dispersion across emerging markets
– highlights the key markets which are in fundamentally better shape; and
– sets out the team’s rationale for key country-level overweight and underweight positions