Emerging markets, reconsidered

Updating the investment map

This Special Report explores why investors need to update their way of thinking about emerging markets. Historically, these opportunity sets were considered as volatile and fraught with governance issues and political crises. This was a reputation earned in recent years: from 2010 to 2025, U.S. stocks compounded at roughly 14% a year, turning $100 into more than $700, while the same amount invested in emerging market equities grew to less than $200.

However, emerging markets have been evolving. Policy frameworks, corporate governance, currency dynamics, and relative volatility look very different today than in the past. Risks still remain, but they are reflected in the pricing. 

This report sets out the case for emerging markets equities in five themes and through an in-depth conversation with Stefan Sommerville, CFA, Senior Investment Specialist at Orbis Investments.

Download the Special Report