For over a decade, US equities have dominated global portfolios, buoyed by strong growth, tech innovation, and unprecedented liquidity. This era of “US exceptionalism” crowded out opportunities elsewhere, leaving Emerging Markets (EMs) under owned and undervalued. Today, structural shifts—ranging from a weakening US dollar to rising global capital expenditure – signal a new chapter for EMs. For institutional investors seeking diversification and long-term returns, EMs potentially offer compelling opportunities that merit serious consideration.

Read | The bullish case for Emerging Markets

Steven Gray

Steven Gray is the Head of Global Emerging Markets (GEM) and Regional Asia Value Equities at Eastspring Investments, responsible for the firm’s GEM and Asia Value equity capabilities. He is also Lead Manager for the GEM Dynamic strategy.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.