Beyond Macro: A Value Lens on Emerging Markets Equity

About this episode

The episode discusses the importance of a disciplined value lens in approaching emerging market equities, challenging traditional macro-focused strategies.

Beyond Macro: A Value Lens on Emerging Markets Equity Most investors approach emerging markets top-down: country-level macro calls, currency bets, commodity cycles. But what if those assumptions are exactly what gets in the way of potential returns? What if the single most important variable isn't the macro backdrop, but the price you pay? On this episode of Disruptive Forces, host Anu Rajakumar is joined by Vera German and Juan Torres, Portfolio Managers on Neuberger's Emerging Markets Equity team, to discuss why a disciplined value lens may be the most natural — and most overlooked — way to approach emerging market equities. Together, they discuss: Why fast-growing economies have often produced lackluster equity returns How state-owned enterprises are misunderstood, and why blanket avoidance may leave value on the table What's wrong with benchmarking to the MSCI Emerging Markets Index Where the valuation screen is pointing today, including Southeast Asia, Brazil, and China — and where to avoid How the team manages risk and position sizing in a concentrated, high-conviction portfolio Why emerging markets may be one of the most compelling asset classes for active, value-oriented…

People in this episode

Host: Anu Rajakumar

Guests: Vera German, Juan Torres

Topics covered

• emerging markets
• value investing
• equity returns
• risk management
• portfolio management

Keywords

• emerging markets
• value lens
• equity
• portfolio management
• risk management
• MSCI Index
• Southeast Asia
• Brazil
• China

Mentioned in this episode

Organizations: Neuberger Berman, MSCI Emerging Markets Index

Places: Southeast Asia, Brazil, China

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