This paper isolates four key forces of structural change across EMs, and offers a framework for translating these structural changes into potentially attractive investment themes. Wellington Management believes:
- Economic development is generating four forces of structural change across emerging markets (EMs): greater inclusiveness, enhanced productivity, improved living standards and better sustainability.
- Countries that make progress towards economic development offer more fertile environments for investing.
- Traditional EM indexes are underexposed to the forces of structural change.
- An unconstrained, thematic approach can offer targeted access to development opportunities. READ MORE
- Structural Change in Emerging Markets: 4 Key Forces to Understand (Wellington Management)
- Understanding Four Forces of Structural Change in Emerging Markets (Wellington Management)
- The Future of Emerging Markets: A Development Marathon, Not a Growth Sprint (Wellington Management)
- Seven Reasons to Invest Actively in EM Equities (Wellington Management)
- India: Underappreciated Alpha Opportunity? (Wellington Management)
- Emerging Market Small Caps: Hidden Gems in Plain Sight? (Wellington Management)
- Asia Tech — Innovation Beyond the Index: Q&A (Wellington Management)
- Can Manufacturing Relocate from China to India? (Wellington Management)
- China: Innovation Superpower (Wellington Management)
- Vietnam: It’s Time to Level Up (Noahpinion Substack)
- Emerging Markets: How to Unlock the Next Wave of Returns (Amundi Asset Management)
- Accounting Fraud and Abuse Still Widespread Among Listed Chinese Stocks (CMN)
- Three Investible Themes in China A-Shares (William Blair)
- Ruchir Sharma’s Guiding Principles for Emerging Market Investing (Bloomberg)
- Emerging Markets Debt Outlook: A Glass Half Full or Half Empty? (Wellington Management)