FA Magazine: Will Your International Portfolio Withstand the Changing Times?
David Semple, Portfolio Manager, Emerging Markets Equity Strategy
March 09, 2020
With the unfortunate outbreak of Covid-19, VanEck Emerging Markets Equity Portfolio Manager David Semple believes that this has put a spotlight on bottom-up stock selection and accelerated growth trajectory for domestic demand and consumer led structural growth companies in emerging markets. In an article in the FA Magazine, David offers insights on the current state of global markets, expectations for growth and where to find opportunities. Our key takeaways include:
Global markets should grow at a faster rate than the U.S. We expect a modest to better global growth driven by exceptional, structural growth companies in emerging markets.
The U.S.-China trade deal is in the hands of one or two people, one of whom has made a whole career out of being disruptive. Trade does not necessarily affect our portfolio companies, as we primarily focus on domestic demand and consumer led names.
China is the largest part of emerging markets in terms of growth. The stimulus that the Chinese have been engaged in for the last year and a half is starting to have a positive impact on growth. While the coronavirus may mute some of that growth, China should be in a reasonably good shape moving into 2021.
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Portfolio Manager, Emerging Markets Equity Strategy
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