241. Is the outlook for global emerging markets improving?

Rasmus Nemmoe, manager of the FSSA Global Emerging Markets Focus fund, talks to us about the outlook for emerging markets and the factors in play today that have influenced past performance. He explains which companies are bucking the trend and gives examples from the portfolio including South African and India banks and the Mexican Starbucks operator. Rasmus also explains how the fund has evolved since the pandemic and how it has managed to outperform despite market conditions. What’s covered in this episode: Why emerging markets have disappointed in the past decadeWhich companies have influenced the emerging market indexWhether the outlook for global emerging markets improvingHow a private bank in South Africa is bucking trendsWhat makes a Mexican Starbucks operator a good investmentHow the fund has managed to outperform despite market conditionsHow the fund has changed since the pandemicThree major themes in emerging markets: demographics, urbanisation and digitalisationTwo of the fund’s largest holdings: HDFC Bank and JD.comThe manager’s on-the-ground opinion of China’s post-pandemic recovery More about this fund: FSSA Global Emerging Markets Focus fund invests in 40-45 large and medium-sized companies in emerging markets. Manager Rasmus Nemmoe has an absolute return mindset, and each holding is a quality company that can show sustained and predictable growth over the long term. The fund has a strong environmental, social and governance ethos without labeling itself as such.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.