EM Lens: Identifying Alpha Opportunities in EM Equities

Emerging market equities are among this year’s top-performing asset classes globally as investors benefit from strengthening fundamentals, diminishing foreign-exchange volatility and a more resilient macroeconomic backdrop. Andrew Keiller, partner at Baillie Gifford, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed-income strategist, to assess the environment for thematic and idiosyncratic investment opportunities further down the EM capital structure. Keiller and Sassower discuss the durability of alpha generation, the formation of behavioral biases and structural inefficiencies across EM equity markets.