Emerging Markets: Faster Economic Growth
Source: International Monetary Fund, World Economic Outlook Database, October 2020
Not Your Parents’ Emerging Markets: Country Composition
Have poor external balances, are reliant on foreign savings and are more exposed to external outflows (South Africa, Chile, Argentina, Colombia, Egypt, Pakistan, Brazil, and Turkey).
Have strong external balances, are not reliant on foreign savings and are less exposed to external outflows (China, South Korea, Taiwan).
Source: FactSet Research Systems Inc.
South Korea (EM)
Tactically allocates exposures within and across Developed and Emerging Market equities