Global Emerging Markets Equity Strategy

Global Emerging Markets Equity Strategy

Global Emerging Markets Equity Strategy


The Global Emerging Markets Equity Strategy is a diversified, core portfolio seeking to identify growing countries and the companies that could potentially benefit. In our integrated process, we translate macrothematic research and fundamental bottom-up analysis into a growth oriented portfolio. We take a thematic approach to help identify longer term trends not fully appreciated by the market and construct a diversified portfolio of 70 to 90 stocks we believe are positioned to benefit from the future drivers of growth in emerging markets.

Investment Approach

The Emerging Markets Equity team bases its investment philosophy on proprietary research, which shows that both country-level and stock-specific factors can drive risks and returns in emerging markets. As a result, the team seeks to add value by integrating top-down country allocation and bottom-up stock selection with a growth bias.

The team believes that in the long term, the dynamics of emerging markets are beneficial to the earnings of selective growth companies. Rather than focusing on short-term cyclical bubbles, the team takes a thematic approach to investing to identify longer-term trends not fully appreciated by the market. As often as possible, the team takes contrarian positions. This allows them to develop sound reasons for why consensus may overlook or ignore elements of a country or a stock where positive change may yet occur.


Emerging market experience

Morgan Stanley Investment Management is a pioneer in emerging markets investing and has a demonstrated expertise and commitment through all market cycles. The firm began analyzing emerging markets in 1984 and investing in the asset class in 1986.

Top-down and bottom-up analyses

The team believes its integration of country allocation with stock selection helps drive their competitive performance.

A growth style

Country allocation is based on original research that determines which countries could produce higher economic growth rates, make the most rapid productivity gains and deliver the necessary changes in corporate governance, transparency and institution-building to succeed. The team makes distinctions at the country level and takes high-conviction country overweights and underweights in the portfolio.

Investment Process
Portfolio Managers  
Paul Psaila
Paul Psaila
Managing Director
29 years industry experience
Amay Hattangadi
Amay Hattangadi
Managing Director
26 years industry experience
Eric Carlson
Eric Carlson
Head of Sustainability, Emerging Markets Equity Team
27 years industry experience

Team members may be subject to change at any time without notice. The investment team currently has 14 members; information on additional team members can be found on









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