FCA - Emerging Market Stocks: Great Businesses Hide In A Murky Market Landscape

2024-07-03 03:20:00 ET

Summary

• Emerging market equities are still struggling, but weak investor sentiment may be creating a favorable backdrop for stock pickers.
• Global enthusiasm for artificial intelligence has not passed over EM countries. In fact, many EM companies manufacture vital components for AI and should benefit as the technology spreads.
• Many EM companies don’t depend on macroeconomic growth to succeed because their business models are either global or driven by local structural changes.

By Sammy Suzuki, CFA

Sour sentiment toward emerging market stocks is obscuring uncommon opportunities for equity investors. ...

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