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Time to retire the emerging markets brand

Innovations around EM indices are required with more thematic benchmarks

    • There should be a shift from a broad-tent "emerging markets" index that includes the equivalent of jewels and junk in favour of customisable thematic investment baskets.
    • There should be a shift from a broad-tent "emerging markets" index that includes the equivalent of jewels and junk in favour of customisable thematic investment baskets. PHOTO: PIXABAY

    Gene Frieda

    Published Tue, Sep 17, 2024 · 05:18 PM

    AS THE Federal Reserve moves towards rate cuts, some have heralded the imminent resurgence of “emerging markets” (EMs). But what are they referring to? Kenya or Qatar? South Korea or Colombia? Commodity exporters or tech titans?

    Whether in equities or in bonds, the term “emerging markets” no longer does justice to the wide array of constituents within the various EM indices created to attract investor interest in the first place.

    What is the best definition of an emerging market? It is every country bar 10 “legacy” advanced economies.

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