Sustainable Emerging Markets Strategy

Sustainable Emerging Markets Strategy

Sustainable Emerging Markets Strategy


Morgan Stanley Sustainable Emerging Markets is a diversified, sustainable core strategy that seeks to invest in quality companies in emerging markets, which are financially attractive while also supporting environmental and/or socially sustainable development. In this integrated process, the Emerging Markets Equity team combine macro and bottom-up financial research with dedicated portfolio manager led engagements to arrive at a core portfolio of 60 - 80 stocks. 

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, as they seek to buy responsible growth companies in attractive countries.

Sustainably aligned and ESG integrated

The strategy aims to achieve a lower carbon footprint than the index in aggregate. It is positively aligned with the team’s sustainable development themes of responsible energy transition, circular economy and sustainable production, improved access and affordability, and decent work and innovation; and it includes ESG integration.

Investment Process
Portfolio Managers  
Paul Psaila
Paul Psaila
Managing Director
30 years industry experience
Amay Hattangadi
Amay Hattangadi
Managing Director
27 years industry experience
Eric Carlson
Eric Carlson
Head of Sustainability, Emerging Markets Equity Team
28 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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