Global Emerging Markets
Built beyond the benchmark
We know emerging markets
We’re seasoned investors, with three decades of direct experience in the regions with the biggest growth stories.
We’re committed – we make up our minds and stick with our decisions.
And we don't do long-distance – we're there, in person, holding conversations with thousands of businesses.
China: Growing middle class
Taiwan: Forefront of Artificial Intelligence
Mexico: Formalisation of the economy
India: Early stages of financialisation
Benefitting from shifting global dynamics
With shifting dynamics in global markets, and US stocks trading at historical highs, emerging markets appear undervalued in comparison. According to the Buffet indicator, which measures the ratio of stock market capitalisation to gross domestic product (GDP), the US is significantly overvalued at 200%. China on the other hand, is undervalued by this measure at approximately 80% , while Latin America and most Asian countries (with the exception of Taiwan and India), are around 50%.
This presents an attractive opportunity to build exposure to emerging markets, especially for long-term investors who are seeking diversification.
Source: FT, Bloomberg, April 2025
Putting theory into practice
We are built beyond the benchmark
Each one of our investments starts with a blank piece of paper. With an active share of over 81% and no more than 45 carefully chosen holdings, our portfolio is anything but ordinary. We look for companies with outstanding management teams, competitive advantages, and sustainable growth, regardless of their region or sector.
Every decision is conviction-driven. Every choice prioritises long-term quality over short-term conformity.
It’s focused, deliberate, and built to stand apart.
"We start with a blank piece of paper. It's not important to us what region or sector a company is in. Or how big it is. Or whether it's included in the benchmark. We're simply looking for outstanding emerging-market businesses."
Putting theory into practice
Keep up to date with our latest research and developments
Global Emerging Markets
Guided by conviction.
Not constraints.
We craft portfolios that prioritise resilience over short-term trends.
What are the risks?
Although all investments carry risk, the level of risk is dependent on the type of investment strategy and the underlying investments. Generally, the higher the potential return of an investment, the greater the risk.
The risks of investing in global emerging markets strategies include:
Investment in equities is exposed to risks due to changes in that company or its business environment.
For investments in international assets, which have currency exposure, there is potential for adverse movements in exchange rates to reduce their Australian dollar value.
Emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.
Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes.
As with any investment, there are no guarantees on the value of the investment or the income generated from it. Investors may get back less than the original amount invested. For a full description of the terms of investment and the risks, please see the Product Disclosure Statement for each fund.
If you are in any doubt as to the suitability of our funds for your investment needs, please seek financial advice.