Emerging Markets Spotlight

We previously wrote that "banks generally carry a triple threat in this environment". We now update that to four threats.

  • James Syme
  • Paul Wimborne
06 Apr 2020
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View PDF   Download PDF  
  • Whilst the country-level remains our focus when thinking about risks and opportunities in EM equity, we have to also be aware of developments at the sector and industry level.
  • One that seems particularly important to us, at this time, is the rapidly worsening outlook for banks, both in emerging markets and globally.


Past performance is no guarantee of future performance.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Fund’s investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation.

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