Can Emerging Markets Be Anti-Fragile

Join our exclusive AB Lunch Forum

Register Your Interest Now

AllianceBernstein invites you to an exclusive lunch forum, with AB’s experts on emerging markets. Join our leading equity and debt Portfolio Managers, as well as select members of their analyst teams, for a rigorous and wholistic discussion on the issues pertinent to emerging markets investing.

Featuring guest speakers, Christian DiClementi, Lead Portfolio Manager—Emerging Market Debt and Stuart Rae, Chief Investment Officer—Emerging Markets Value Equities, the forum will look at the major themes affecting emerging market debt and equity and discuss how investors can best take advantage of evolving opportunities.

Our PMs will be joined live by a global panel of AB analysts who will reflect on themes from markets including the Middle East, South America and China – sharing on-the-ground insights gleaned from regular company visits and thorough technical analysis. You will also have the opportunity to ask questions of our panel during the lunch.

Please click on the links below to RSVP.

[Sydney]
Tuesday 17 September 12 – 2 pm
Capella Sydney, 24 Loftus St
McKenzie Room

[Melbourne]
Wednesday 18 September 12 – 2pm
Level 49, Rialto South Tower
525 Collins Street
AB Boardroom


At AllianceBernstein, our grass roots research and long-term commitment to emerging market investing means we are well placed to find attractive investment opportunities across these complex and diverse markets. Our investment approach – incorporating both fundamental and quantitative research – supports our search for quality businesses with attractive outlooks at compelling valuations.

AB Emerging Markets Strategy

Seeks to achieve long-term capital growth by:

  • Investing primarily in stocks across emerging markets countries that offer compelling long-term return potential and attractive valuations

  • Taking a long-term perspective in order to capitalize on short-term market inefficiencies created by investors’ overreaction to macroeconomic, industry, or company-specific concerns

  • Employing a disciplined, bottom-up approach that combines fundamental research with proprietary quantitative tools to identify attractive investment opportunities

A Snaphot of EM Performance over the Past 25 Years…
The past 25 years can be divided into two distinct periods, characterized by markedly different performance outcomes. The question for EM investors is when will the tide will turn again…
A Snaphot of EM Performance over the Past 25 Years…

Past performance and current analysis do not guarantee future results.
Left display through 30 June 2011; right display as of 31 December 2023.
Source: MSCI, S&P and AllianceBernstein (AB)

Where Will Growth Come From?
Emerging Markets Remain the Best Place to Find Economic Growth, but China Is No Longer the Only Game in Town
Where Will Growth Come From?

Past performance and current analysis do not guarantee future results.
As of 31 December 2023
Source: IMF and AB

Emerging themes driving EM performance

There are multiple themes at play driving the long-term performance of emerging markets. Read more about AB’s views on the major themes below. 

Aerial view of cityscape with illuminated skyscrapers above the clouds in Dubai, United Arab Emirates at dusk.
761603919
Dubai, United Arab Emirates, Emirate of Dubai, Persian Gulf, spectacular, metropolis, global city, business hub, tall building, digital blending, digital manipulation, Achievement, Success, Amazement, Awe, Development, Majestic, Mood, Dreamy, Progress, Scale, Style, Wealth, No People, Luminosity, Illuminated, 21st Century Style, Contemporary, Modern, Asia, Middle East, Horizontal, Colour Image, Photography, Aerial View, High Angle View, Long Exposure, City, Office Building, Skyscraper, Sky, Cloud, Moody Sky, Outdoors, Twilight, Evening, Urban Scene, Cityscape, Architecture, Capital Cities, Photography Themes, Travel, Place Of Interest, Travel Destinations, International Landmark, Corporate Business, City Skyline, Urban Overview, Cloudline, City Layout, Urban Development, Above the Clouds
Middle East Transformation
891322768
delivery, nautical, courier, export, logistic, stacked, port, distribution, freight, seaport, box, dock, cargo, dockyard, industrial, terminal, maritime, boat, trade, commerce, crane, import, construction, structure, storage, international, supply chain, logistics transport, logistics concept, logistics technology
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background
Reshoring
182939162
absence, anticipation, beginnings, board room, business, color image, conference room, conference table, day, horizontal, in a row, indoors, nobody, office, office life, order, paperwork, photography, preparing, ready, seattle, still life, table, united states, washington
Folders and pens on meeting table
Improved Capital Management
5G central processing unit and circuit board rendering
1316735449
AB_WhenWillDigitalAssetsBeReadyForPortfolioAllocations
Innovation and AI
Portfolio Characteristics
Seeking to Outperform MSCI Emerging Markets Index by 3%–4% over Full-market Cycles, With 5%–8% Expected Tracking Error. Driven by a Consistent Value Philosophy Focused On Long-term, Normalized Earnings Power and Bottom-up Fundamental and Quantitative Research
Portfolio Characteristics

Past performance does not guarantee future results. All portfolio statistics are subject to change.
AUM as of March 31, 2024. Style map as of December 31, 2023. Monthly return-based style analysis
Source: e-Vestment, MSCI and AB

Portfolio Manager Profile

Our Team

If you have any questions about our investment solutions, please contact us.

Brad Karp

Managing Director
Australia Client Group
(03)8630 2232
Brad.Karp@AllianceBernstein.com

Jeremy Browne

Managing Director
Australia Client Group
(02)9255 1230
Jeremy.Browne@AllianceBernstein.com

Christina Manonian
Managing Director
Asia Pacific Consultant Relations
(03) 8630 2227

Contact Us

We work with clients to help them define and achieve their objectives. As markets and needs have evolved, we have too, providing global perspectives, independent research and investment discipline. Every client—everywhere—can benefit by accessing our firm’s full resources. Contact us to learn more.

Sydney / Australia Institutions

Level 32, Aurora Place
88 Phillip Street
Sydney NSW 2000
Australia

+61 02 9255 1200