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“Despite year-to-date emerging markets (EMs) outperforming the US by about +10%, they’re still very cheap relative to history – and also relative to the US.”

Along with highlighting the valuation case for EMs going forward, Global Head of Equities Devan Kaloo joined Host Tom Harvey on the latest Quarterly Perspectives podcast to discuss the impact of a weakening dollar, shifting US trade policy, resilient tech sectors, and finally, why they remain optimistic about the asset class in the latter half of 2025.

Tune-in to listen to our Quarterly Perspectives episodes on Apple Podcasts, Buzzsprout, and Spotify.

Important information

Projections are offered as opinion and are not reflective of potential performance. Projections are not guaranteed and actual events or results may differ materially.

Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.

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