Emerging Markets Spotlight

Portfolio positioning around the commodity rally: the JOHCM Global Emerging Markets Opportunities team provide an update

  • James Syme
16 Jun 2021
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View PDF   Download PDF  
  • We feel that there are three broad drivers of the commodity boom: a natural demand bounce-back after 2020, US economic stimulus, and Chinese economic stimulus.
  • In this report we aim to review the prospects for each of these, and discuss our portfolio positioning around the commodity rally.


For professional investors only. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Fund’s investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation.

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