Alpha pursuit in global emerging markets

Emerging Markets: Deciphering economic cycles in the pursuit of alpha

Gordon Fraser, CFA
Portfolio Manager
Co-Head of the Global Emerging Markets Equities team, BlackRock Fundamental Active Equities Team

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Summary

  • Many investors want emerging market exposure, but focus on trends rather than the cycle, missing the biggest alpha opportunities, in our view.
  • Getting macroeconomic considerations right is crucial to succeeding as an emerging market investor, yet this is very hard to do consistently.
  • Style leadership fluctuates constantly in emerging markets, and our style flexible approach aims to add alpha regardless of the market environment.

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MKTGH0720E-1250668-1/1