For institutional investors in the UK

The investment ramifications of a multipolar world

Matthew Culley

Matthew Culley

Portfolio Manager | Research Analyst


Daniel J. Graña, CFA

Daniel J. Graña, CFA

Portfolio Manager, Emerging Market Equity


13 Jun 2022

Key takeaways:

Contrary to the rise of globalization and the commodities super cycle over the past 20 years, emerging markets now face a host of unique conditions that will help determine their attractiveness for investors.

The Janus Henderson Emerging Market Equities Team believe we have moved beyond "peak globalization" and are entering a new phase of deglobalization where investment returns will require active management, incorporating top-down country and bottom-up company analysis within a framework of both political and corporate governance.

The two pillars that drove EM returns over past decades – outsourcing and convergence – will, in the team’s view, increasingly be complemented by the emergence of innovation as a driving force of future returns.

These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them.

 

Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

 

The information in this article does not qualify as an investment recommendation.

 

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