In this video update, Daniel Graña, Emerging Market Equity Portfolio Manager, believes that not all countries within the asset class should be treated the same and highlights South Africa as a case in point.

    Key takeaways

  • Investors should not treat all emerging markets the same, as demonstrated by South Africa.
  • Poor policy choices in South Africa have led to a spike in government debt and double-digit unemployment, threatening the country’s credit rating.
  • Other regions within EM, specifically Asia, are adopting growth-oriented reforms and innovating.