Emerging Markets Leaders Strategy

Emerging Markets Leaders Strategy

Emerging Markets Leaders Strategy


The Emerging Markets Leaders Strategy is a focused portfolio seeking companies with superior business models, leading brands, quality management and the ability to deliver both growth and sustainable returns on invested capital. We take a thematic approach to help identify longer-term trends not fully appreciated by the market and construct a concentrated portfolio of up to 40 high quality stocks that we believe are positioned to benefit from the future drivers of growth in the emerging markets (EM).

Investment Approach

Drawing on the Emerging Market Equity team's insight into the drivers of growth in emerging markets, the team seeks to identify secular, structural themes that support steady company earnings. The team bases its investment philosophy on proprietary research that shows how both macro-level and stock-specific factors can drive risks and returns in emerging markets. As a result, the team seeks to add value by integrating macro-thematic research and bottom-up stock selection with a growth bias. 

The team believes that in the long term, the dynamics of emerging markets can be beneficial to the earnings of selective growth companies. Rather than focus on short-term cyclical bubbles, the team takes a thematic approach to investing by identifying longer-term trends that are not fully appreciated by market participants. As often as possible, the team takes contrarian positions that allow them to discover sound reasons why the consensus overlooks or ignores elements of an opportunity where positive change may yet occur.


Forward-looking theme

We draw from the strength of our propriety macroeconomic framework, which helps identify what we believe are the most important growth themes in EM. We conduct extensive bottom-up research to choose stocks we believe are best placed to benefit from these themes and potentially grow steady earnings over time.

Benchmark-agnostic growth

Our portfolio represents a highly active and benchmark-agnostic approach. Our universe is not limited by the benchmark. Rather than use indices as a starting point, we take a targeted approach, pursuing up to 40 names.

Compounding effects

We seek to reduce some volatility inherent in EM by investing in high-quality companies with potential steady earnings. We believe this has improved our ability to compound returns and led to higher, more stable returns over time.

Investment Process
Portfolio Manager  
Vishal Gupta
Vishal Gupta
Managing Director
19 years industry experience








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