HDB - Secrets From The Vault: How We Invest In EM Banks
By Justin Leverenz, Team Leader and Senior Portfolio Manager and Tan Nguyen, Senior Research Analyst
The right banks can provide strong, sustained performance, but finding them requires imagination.
As long-term growth investors, we shy away from most cyclical stories while gravitating toward structural ones. Inherently, banks are prone to credit cycles. However, with a solid foundation in bottom-up analyses, the right banks can potentially provide superlative and sustained performance over the long term.
Our investment in emerging market ((EM)) banks, through the Invesco Oppenheimer Developing Markets Fund, is guided by four core philosophies, which we