Emerging Markets
Emerging markets are rapidly evolving. We believe an active, multi-lens approach can help identify cyclical and structural investment opportunities, while mitigating risks.
Emerging markets’ ability to provide both cyclical and structural investment opportunities is premised on three compelling, underlying drivers:Â
Outsourcing
Physical and digital supply chains have globalised and fragmented, and it is often emerging markets companies that have built the key competencies sitting at the heart of these supply networks.
Convergence
A long-term shift in incomes can lead to a convergence with more developed economies in the choices and demands that consumers make. For forward-looking emerging market companies this provides a key driver of growth and profitability.
Innovation
We believe conditions are ripe for an explosion in emerging market-led innovation, driven by digitalised economies, large domestic populations, and a new era of policy support. Emerging market companies are playing a prominent role in shaping this next wave.
Outsourcing
Physical and digital supply chains have globalised and fragmented, and it is often emerging markets companies that have built the key competencies sitting at the heart of these supply networks.
Convergence
A long-term shift in incomes can lead to a convergence with more developed economies in the choices and demands that consumers make. For forward-looking emerging market companies this provides a key driver of growth and profitability.
Innovation
We believe conditions are ripe for an explosion in emerging market-led innovation, driven by digitalised economies, large domestic populations, and a new era of policy support. Emerging market companies are playing a prominent role in shaping this next wave.
Hear from Janus Henderson’s Emerging Market Equity investment team as they discusses some of the most compelling investment opportunities and long-term trends.
Our Approach
We believe that investing in businesses at the intersection of attractive country, governance and company fundamentals offers the potential to deliver superior risk-adjusted returns over time.
Our all-cap, style agnostic approach:
- Creates an expanded investable universe
- Includes smaller innovative companies
- Dilutes governance-challenged state-owned enterprises (SOEs)
- Reduces cyclical industry exposure
Our investment approach centers around hunting for high-quality companies with robust governance in countries with good macro fundamentals.
– Daniel Graña
Our investment approach centers around hunting for high-quality companies with robust governance in countries with good macro fundamentals.
– Daniel Graña
This results in a benchmark-aware portfolio, constructed and actively managed using a disciplined and rigorous risk-management methodology, providing strong guardrails for a highly differentiated portfolio compared to the emerging markets benchmark.
Capabilities
Experience
Collectively, the Emerging Markets Equity Team has more than five decades of asset management experience with the majority focused on emerging markets across a range of sectors and geographies.
Experience
Collectively, the Emerging Markets Equity Team has more than five decades of asset management experience with the majority focused on emerging markets across a range of sectors and geographies.
Multi-Lens Approach
Through rigorous fundamental research, we seek to identify innovative companies with strong governance in countries with favorable macro conditions. We believe companies at the intersection of this approach will drive future emerging market earnings growth.
Multi-Lens Approach
Through rigorous fundamental research, we seek to identify innovative companies with strong governance in countries with favorable macro conditions. We believe companies at the intersection of this approach will drive future emerging market earnings growth.
Collaboration
The team leverages the broader resources of Janus Henderson through collaboration with the central research function, specialist Asia and China equity teams, the Emerging Markets Fixed Income Team and the Governance & Stewardship Team.
Collaboration
The team leverages the broader resources of Janus Henderson through collaboration with the central research function, specialist Asia and China equity teams, the Emerging Markets Fixed Income Team and the Governance & Stewardship Team.
Independent Risk Monitoring
Emerging markets can be volatile and at times quite correlated. Rigorous implementation of risk budgeting and close collaboration with the investment risk team is paramount in how the team manages client assets.
Independent Risk Monitoring
Emerging markets can be volatile and at times quite correlated. Rigorous implementation of risk budgeting and close collaboration with the investment risk team is paramount in how the team manages client assets.
