Redwheel - Emerging and frontier markets - a different inflationary story

Emerging markets have faced a number of challenges this year as a wave of macroeconomic, geopolitical and various government policy threats have put a focus on the risks. While there will be an enduring global impact from the Russia-Ukraine conflict, there is growing awareness of the value on offer in emerging market equities as the world continues to reopen - with a favourable fundamental backdrop for these regions.

John M. Malloy, Jr, Co-Head of Emerging and Frontiers Markets at Redwheel and Luke Mandekic, Head of Research and Consulting at Channel Capital discuss the current emerging and frontier market equities climate. Discussion topics include:

- Are the inflationary forces less persistent than developed markets? A look at the inflation impacts on different regions, the impact of commodity shocks, supply-chain disruptions and the post-Covid demand recovery.
- China's potential recovery – the impact on corporate profits from a reduction in Covid-related restrictions and various economic stimulus programs, as well as the unique and attractive opportunities in the region - particularly in industries set to benefit from fiscal spending and green reforms.
- The emerging market regions positioned to benefit from the ongoing tailwinds in commodity markets.
- The state of play on the geopolitical front - are we moving towards a multipolar world and which countries are likely to benefit most from this shift?
- A look at emerging market valuations relative to developed markets – what parts of the market are set to experience growth?
- Recent performance and positioning of the portfolio, along with a thematic and stock specific perspective and the outlook for the remainder of 2022.

Chapters
00:00 – Introduction
03:14 – Inflationary forces
22:37 – China’s recovery
44:22 – Multipolar world
46:37 – EM commodity markets
48:25 – US dollar & interest rates

TBC

Note: For Advisers & Wholesale Investors Only

Learn more about Redwheel: https://www.channelcapital.com.au/investments-rwc-partners