James Syme
Senior Fund Manager
For fund managers James Syme, Paul Wimborne and Ada Chan, identifying the most attractive emerging markets in which to invest is the most important influence on investment performance. Through an extensive process that focuses on growth, liquidity, currency, management/politics and valuations, they produce country allocation targets for each of the 20+ countries within the MSCI Emerging Markets Index. Complementing their top-down view is a stock selection process that focuses on identifying quality growth stocks within their favored countries. The result is a large-cap biased portfolio of 50-60 stocks.
The investment objective of the JOHCM Emerging Markets Opportunities Fund (the “Fund”) is to seek long-term capital appreciation.The Fund invests, under normal conditions, at least 80% of its assets in equity securities of companies listed in, or whose principal business activities are located in, emerging markets. Emerging market countries are those countries included in the MSCI Emerging Markets Index and MSCI Frontier Markets Index, countries with low to middle-income economies according to the International Bank for Reconstruction and Development (World Bank) and other countries with similar emerging market characteristics. The Fund may invest in emerging market companies of any size, including small and mid-capitalization companies in order to achieve its objective.The Fund’s investment style can be considered as growth at a reasonable price (GARP). GARP investment strategy is a blend of growth and value investing and seeks to find companies that have strong earnings growth at a good price. The Fund employs a combination of top-down and bottom-up research to assess potential investments in the Fund. The "Adviser" (J O Hambro Capital Management Limited) seeks to invest in companies that possess attractive fundamentals and fit with the Adviser’s top-down country views within the emerging markets.
Senior Fund Manager
Senior Fund Manager
Fund Manager
Experienced emerging equity market investors Emery Brewer, Dr Ivo Kovachev and Stephen Lew use a predominantly stock-picking approach in finding opportunities in the fast-growing developing markets. They focus on growth companies that have the potential to develop world-class products or become industry leaders in local ma...
Read MoreFund size | $920.65mn | ||||||||||||||||
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Strategy size | $2.31bn | ||||||||||||||||
Benchmark | MSCI Emerging Markets NR | ||||||||||||||||
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Morningstar Category | Diversified Emerging Markets | ||||||||||||||||||||||||
Morningstar rankings are based on Share class I and on total returns. Past performance does not guarantee future results. © 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings are for the share class shown only; other classes may vary. |
Investment Advisor | JOHCM (USA) Inc. |
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Transfer Agent | Northern Trust |
Custodian | Northern Trust |
The second quarter of 2023 was a more difficult one for global equity markets, including emerging equity markets. Continued inflationary pressures and interest rate hikes in the developed world and evidence of renewed softness in the Chinese economy weakened sentiment offset evidence of strong economic growth in many emerging economies. In the quarter MSCI EM Index returned 1.0% in USD terms.
Chinese economic data continued to show a weak and asymmetric recovery. Parts of the consumer and services economy are benefiting from re-opening, but data from the manufacturing and real estate sectors largely reflected weak economic conditions. In the financial system, money supply growth, which had been strengthening, turned lower, while loan growth also undershot expectations. MSCI China returned -9.7% in USD terms in the quarter.
The recovery in the Eurozone continued to feed through to European emerging markets, with Hungary, Poland and Greece the best performing emerging markets in the quarter. This did not feed through to Turkey, which was the weakest performing market in the quarter as the May election saw the Erdogan administration remain in power but be forced to confront the serious imbalances in the Turkish economy.
The quarter saw ongoing investor enthusiasm for bonds and equities in emerging markets with stable currencies and strong economic and corporate earnings growth. MSCI Brazil returned 20.7% in USD terms, with economic growth surprising to the upside and inflation coming in lower than expected. Also seeing strong economic growth and lower inflation were India, with MSCI India returning 12.2% in USD terms, and Mexico, with MSCI Mexico returning 5.6% in USD terms.
Despite weak economic and export data, Taiwanese and Korean equity markets performed better in the quarter, as renewed optimism about the AI industry’s demand for tech hardware drove strength globally in technology hardware stocks. MSCI Taiwan and MSCI Korea returned 4.5% and 4.4%,
respectively, in the quarter.
In the quarter, the portfolio continued to benefit from overweight positions in markets seeing strengthening growth and the prospect of lower interest rates later in the year. The portfolio remained overweight Mexico, Brazil, India and Indonesia, but South Africa was reduced to a neutral position on weaker prospects. The portfolio remains substantially underweight Taiwan and Korea, given the poor economic data and prospects, and China was also reduced to an underweight early in the quarter as the economic outlook deteriorated.
Sources for all data: JOHCM/Bloomberg (unless otherwise stated).
1 Month Total Return | 3 Month Total Return | YTD Total Return | 1 Year Total Return | Cumulative Since Inception | |
---|---|---|---|---|---|
Advisor Shares Net | -6.18 | 3.26 | 4.56 | 6.22 | 46.15 |
Investor Shares Net | -6.28 | 3.07 | 4.37 | 5.93 | 33.34 |
Advisor Shares Net | -6.26 | 3.15 | 4.55 | 6.19 | 47.30 |
Benchmark | -6.16 | 3.47 | 4.55 | 1.25 | 30.06 |
1 Year | 2 Year | 3 Year | 4 Year | 5 Year | 10 Year | Annualized Since Inception | |
---|---|---|---|---|---|---|---|
Advisor Shares Net | 9.20 | -8.16 | 5.31 | 2.19 | 2.00 | 4.54 | 3.87 |
Investor Shares Net | 9.01 | -8.29 | 5.12 | 2.04 | 1.85 | 3.33 | |
Advisor Shares Net | 9.27 | -8.09 | 5.40 | 2.29 | 2.10 | 4.63 | 3.96 |
Benchmark | 1.75 | -12.81 | 2.32 | 0.86 | 0.93 | 2.95 | 2.54 |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | ||
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Fund | 2012 | 1.60 | 3.54 | 5.20 | ||||||||||
Benchmark | 2012 | 2.83 | 4.89 | 7.86 | ||||||||||
Fund | 2013 | 1.24 | -1.88 | -1.82 | 1.56 | -0.77 | -7.16 | 1.67 | -1.23 | 6.54 | 5.65 | 1.57 | 0.24 | 5.01 |
Benchmark | 2013 | 1.38 | -1.26 | -1.72 | 0.75 | -2.57 | -6.37 | 1.04 | -1.72 | 6.50 | 4.86 | -1.46 | -1.45 | -2.60 |
Fund | 2014 | -7.57 | 4.15 | 0.68 | -0.59 | 5.57 | 1.93 | 1.02 | 1.73 | -6.99 | 3.70 | -0.66 | -3.47 | -1.47 |
Benchmark | 2014 | -6.49 | 3.31 | 3.07 | 0.33 | 3.49 | 2.66 | 1.93 | 2.25 | -7.41 | 1.18 | -1.06 | -4.61 | -2.19 |
Fund | 2015 | 3.76 | 2.36 | -0.81 | 7.91 | -2.53 | -3.95 | -7.65 | -8.64 | -1.63 | 8.64 | -2.35 | -2.79 | -8.89 |
Benchmark | 2015 | 0.60 | 3.10 | -1.42 | 7.69 | -4.00 | -2.60 | -6.93 | -9.04 | -3.01 | 7.13 | -3.90 | -2.23 | -14.92 |
Fund | 2016 | -7.92 | -2.39 | 10.71 | -1.70 | -0.28 | 4.73 | 5.32 | 2.98 | 1.94 | -3.29 | -4.22 | -0.18 | 4.44 |
Benchmark | 2016 | -6.49 | -0.16 | 13.23 | 0.54 | -3.73 | 4.00 | 5.03 | 2.49 | 1.29 | 0.24 | -4.60 | 0.22 | 11.20 |
Fund | 2017 | 6.48 | 1.97 | 3.90 | 2.21 | 3.35 | 1.86 | 4.87 | 2.00 | 0.04 | 4.99 | -0.72 | 2.45 | 38.71 |
Benchmark | 2017 | 5.47 | 3.06 | 2.52 | 2.19 | 2.96 | 1.01 | 5.96 | 2.23 | -0.40 | 3.51 | 0.20 | 3.59 | 37.28 |
Fund | 2018 | 4.20 | -5.80 | -0.16 | 0.01 | -1.09 | -2.66 | 1.02 | -2.26 | -0.82 | -8.09 | 4.16 | -3.69 | -14.80 |
Benchmark | 2018 | 8.33 | -4.61 | -1.86 | -0.44 | -3.54 | -4.15 | 2.20 | -2.70 | -0.53 | -8.71 | 4.12 | -2.65 | -14.58 |
Fund | 2019 | 7.14 | -0.57 | 3.94 | 0.01 | -4.61 | 6.16 | -3.09 | -3.09 | 1.61 | 1.93 | -1.74 | 6.94 | 14.61 |
Benchmark | 2019 | 8.76 | 0.22 | 0.84 | 2.11 | -7.26 | 6.24 | -1.22 | -4.88 | 1.91 | 4.22 | -0.14 | 7.46 | 18.42 |
Fund | 2020 | -3.10 | -5.37 | -17.57 | 11.68 | 0.89 | 7.30 | 6.24 | 0.39 | 0.02 | 0.99 | 8.57 | 8.87 | 16.39 |
Benchmark | 2020 | -4.66 | -5.27 | -15.40 | 9.16 | 0.77 | 7.35 | 8.94 | 2.21 | -1.60 | 2.06 | 9.25 | 7.35 | 18.31 |
Fund | 2021 | 0.79 | 2.67 | 0.75 | 0.85 | 3.91 | -0.53 | -4.96 | 0.99 | -4.71 | 0.55 | -3.14 | 5.01 | 1.65 |
Benchmark | 2021 | 3.07 | 0.76 | -1.51 | 2.49 | 1.15 | 1.33 | -6.73 | 2.62 | -3.97 | 0.99 | -4.08 | 1.88 | -2.54 |
Fund | 2022 | 0.77 | -7.82 | -0.93 | -5.27 | 3.05 | -8.05 | 1.81 | -1.37 | -7.11 | 0.81 | 11.13 | -2.38 | -15.77 |
Benchmark | 2022 | -1.89 | -2.99 | -2.26 | -5.56 | 0.44 | -6.64 | -0.25 | 0.42 | -11.72 | -3.10 | 14.83 | -1.41 | -20.09 |
Fund | 2023 | 6.41 | -5.38 | 3.76 | 0.19 | -3.25 | 5.75 | 4.08 | -6.18 | 4.56 | ||||
Benchmark | 2023 | 7.90 | -6.49 | 3.03 | -1.13 | -1.68 | 3.80 | 6.22 | -6.16 | 4.55 |
Share Class | Gross Expense* | Net Expense* |
---|---|---|
Advisor | 1.08% | 1.08% |
Institutional | 1.03% | 1.03% |
Investor | 1.23% | 1.23% |
The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The Fund's current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days at www.johcm.com or by calling 866-260-9549 or 312-557-5913.
Returns shown, unless otherwise indicated, are total returns, with dividends and income reinvested. Returns for periods of less than one year are not annualized. Fee waivers are in effect; if they had not been in effect performance would have been lower.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of emerging markets. The MSCI Emerging Market Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. Indexes mentioned are unmanaged statistical composites of stock market performance. Investing in an index is not possible.
Historical performance of the Emerging Markets Opportunities Fund for Class II Shares prior to its inception is based on the performance of Class I Shares, the share class most similar to Class II. The performance of Class II Shares has been adjusted to reflect differences in expenses.
*Expense ratios as stated in the latest prospectus. JOHCM (USA) Inc. has contractually agreed to waive fees and reimburse expenses so that the Net Total Operating Expenses do not exceed the stated amounts until January 28, 2024.
Tencent | 7.13% |
Taiwan Semiconductor | 6.71% |
Emaar Properties | 4.20% |
Larsen & Toubro | 3.95% |
Mahindra & Mahindra | 3.93% |
FirstRand | 3.71% |
HDFC Bank | 3.53% |
Samsung Electronics | 3.49% |
State Bank of India | 3.31% |
Banorte | 3.28% |
Emaar Properties | +4.01% |
Mahindra & Mahindra | +3.67% |
Larsen & Toubro | +3.61% |
FirstRand | +3.42% |
Hong Kong Exchanges | +3.23% |
State Bank of India | +3.13% |
Ambev | +3.03% |
Tencent | +3.00% |
Banorte | +2.95% |
Bank Mandiri | +2.90% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Brazil | 9.25% | 5.25% | 3.99% | |
China | 23.94% | 30.03% | -6.08% | |
Hong Kong | 3.23% | 0% | 3.23% | |
India | 17.80% | 15.02% | 2.77% | |
Indonesia | 9.82% | 1.99% | 7.83% | |
Mexico | 9.39% | 2.58% | 6.8% | |
South Africa | 3.71% | 3.08% | 0.63% | |
South Korea | 4.50% | 12.49% | -7.99% | |
Taiwan | 9.07% | 14.9% | -5.83% | |
United Arab Emirates | 4.64% | 1.3% | 3.34% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Financials | 31.94% | 21.87% | 10.00% | |
Consumer Discretionary | 11.44% | 13.88% | -2.50% | |
Information Technology | 11.25% | 20.46% | -9.20% | |
Consumer Staples | 10.98% | 6.18% | 4.80% | |
Industrials | 9.29% | 6.81% | 2.50% | |
Materials | 7.54% | 8.09% | -0.60% | |
Communication Services | 7.35% | 9.70% | -2.30% | |
Real Estate | 6.62% | 1.72% | 4.90% | |
Energy | 2.33% | 5.02% | -2.70% | |
Utilities | 1.72% | 2.51% | -0.80% | |
Health Care | 0.00% | 3.70% | -3.70% | |
Cash | -0.51% | 0.00% | -0.51% |
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large | 81.22% | 75.65% | 5.57% | |
Mid | 17.59% | 24.34% | -6.75% | |
Small | 0.00% | 0.01% | -0.01% |
Fund holdings, sector allocation, regional allocation and top 10 countries are subject to change without notification.
Fund |
As at noon | Share class | Currency | CUSIP Number | NAV | Change | Change % | Previous | |
JOHCM International Select Fund | 21/09/2023 | Institutional | USD | 46653M849 | 21.50 | -0.41 | -1.87% | 21.91 | |
Investor | USD | 46653M823 | 21.53 | -0.40 | -1.82% | 21.93 | |||
JOHCM Emerging Markets Opportunities Fund | 21/09/2023 | Advisor | USD | 46653M203 | 10.42 | -0.16 | -1.51% | 10.58 | |
Institutional | USD | 46653M104 | 10.45 | -0.16 | -1.51% | 10.61 | |||
Investor | USD | 46653M302 | 10.41 | -0.16 | -1.51% | 10.57 | |||
JOHCM Global Select Fund | 21/09/2023 | Advisor | USD | 46653M807 | 12.32 | -0.24 | -1.91% | 12.56 | |
Institutional | USD | 46653M708 | 12.37 | -0.23 | -1.83% | 12.60 | |||
JOHCM Emerging Markets Small-Mid Cap Equity Fund | 21/09/2023 | Advisor | USD | 46653M500 | 12.53 | -0.21 | -1.65% | 12.74 | |
Institutional | USD | 46653M401 | 12.53 | -0.22 | -1.73% | 12.75 | |||
JOHCM International Opportunities Fund | 21/09/2023 | Institutional | USD | 46653M872 | 11.00 | -0.12 | -1.08% | 11.12 | |
Regnan Global Equity Impact Solutions | 21/09/2023 | Institutional | USD | 46653M716 | 7.14 | -0.18 | -2.46% | 7.32 | |
TSW Large Cap Value Fund | 21/09/2023 | Institutional | USD | 46653M641 | 12.83 | -0.13 | -1.00% | 12.96 | |
TSW High Yield Bond Fund | 21/09/2023 | Institutional | USD | 46653M658 | 8.75 | -0.04 | -0.46% | 8.79 |
The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The Fund's current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days at www.johcm.com or by calling 866-260-9549 or 312-557-5913.
Returns shown, unless otherwise indicated, are total returns, with dividends and income reinvested. Returns for periods of less than one year are not annualized. Fee waivers are in effect; if they had not been in effect performance would have been lower.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of emerging markets. The MSCI Emerging Market Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. Indexes mentioned are unmanaged statistical composites of stock market performance. Investing in an index is not possible.
Historical performance of the Emerging Markets Opportunities Fund for Class II Shares prior to its inception is based on the performance of Class I Shares, the share class most similar to Class II. The performance of Class II Shares has been adjusted to reflect differences in expenses.
*Expense ratios as stated in the latest prospectus. JOHCM (USA) Inc. has contractually agreed to waive fees and reimburse expenses so that the Net Total Operating Expenses do not exceed the stated amounts until January 28, 2024.
Deflationary challenges arising in China, its rarity in emerging markets, and the influence of political decisions on shaping the economic landscape.
Emerging markets surge, tech sector booms with EV and AI stocks, and contrasting performance and quality concerns come to light.
Explore the correlation between currency dynamics, equity market moves, and economic factors to help capitalize on emerging market opportunities.
Decisive monetary policy has brought inflation under control in Mexico and Brazil, helping to lift the value of their currencies and support growth.
As the dust settles after pivotal elections, what has kept us cautious, and what are the prospects for political change
Demand for semiconductors is an indicator of the health of the global economy. Right now, things are looking as weak as ever.
Chinese oil demand has largely been correlated with GDP growth, but the nature of that relationship is changing.
An assessment of Emerging Markets reveals uneven performance and identifies opportunities in domestic-driven economies.
The collapse of Silicon Valley Bank & Signature Bank is a 'first world problem' with limited EM exposure. No JOEMX portfolio companies have been identified as having exposure.
Recent moves within the asset class reveal interesting patterns that may point to potential risk opportunities later
Revisiting a key driver for the asset class: the direction of the US dollar and the capital flows that result from that.
A look at the impact of local politics at a time of rising global interest rates, a stronger US dollar, and a slowing South Korean economy.
In a new video, James Syme, Senior Fund Manager, offers a perspective on markets that have performed well, despite a tightening US Dollar and rising rates.
Next year looks good for Emerging Markets with an expected decline in rates and the US dollar. But some investors are better placed than others.
The market’s optimism of recent years seems to have ended. Yet China has all the building blocks of a powerful recovery when Covid lockdowns end.
In a new video, James Syme, Senior Fund Manager, shares why these stocks come with a lot of risk – and what to consider before investing.
Beijing is changing its policy on Covid and property. Is this a bottom for China stocks?
Inflation under control, positive economic growth, valuations at half their long-term – we remain very positive on Brazil in both absolute and emerging market-relative sense.
Some Chinese stocks may appear attractive from a valuations perspectives – but investors also need to be able to realize that value.
Despite the strong dollar and contracting liquidity, emerging markets are holding their own. As long as you’re selective.
Hint: Watch where the tourists go, says Senior Fund Manager Paul Wimborne.
Rejection of a left-wing constitution reduces risk for equity investors in Chile, but economic problems remain an obstacle
Energy exporters, or those with relative energy stability, show signs of prospering
James Syme weighs in on what it will take for the Chinese economy to reverse a slowdown.
Floating exchange rates are likely to limit the impact of rising US rates on emerging markets
Rising commodity prices will have a powerful impact on emerging markets, for exporters and for those that import and subsidise the 'Three Fs', food, fuel and fertilizer.
James Syme, Senior Fund Manager on the Emerging Markets Opportunities team, shares his latest views on Chinese Equity Markets.
James Syme and the Emerging Markets Opportunities team look at the new chapter Russia is writing in emerging equity markets
James Syme, Senior Fund Manager on the Emerging Markets Opportunities team, shares his latest views on Russian Equity Markets.
James Syme and the Emerging Markets Opportunities team highlight the hidden export strengths of two of their favourite markets, India and Mexico
James Syme takes a look at recent commodity price moves and describes how the portfolio is positioned to benefit.
The opportunity within emerging markets is more compelling than the opportunity of emerging markets.
We have seen continued high inflation prints across the world, with volatility in interest rate expectations testing the resolve of central banks...
There has been substantial commentary around the changing regulatory environment in China, but is this overshadowing the economic data?
Pandemic policies and the implications for emerging market investors.
Five indicators to monitor risk and opportunity from the JOHCM Global Emerging Markets Opportunities team.
Portfolio positioning around the commodity rally: the JOHCM Global Emerging Markets Opportunities team provide an update
The pick-up in capital flows, higher commodity prices and vaccination roll-outs are powerful drivers for commodity-exporting emerging markets.
With Covid-19 case numbers rising rapidly, James Syme reviews the portfolio's Indian exposure.
A top-down look at Brazil from the JOHCM Global Emerging Markets Opportunities team.
James Syme takes a look at the higher-beta emerging markets and gives his thoughts on where the opportunities lie.
Looking for signs as to which economies (and, potentially, markets) are in the best positions to recover.
2020 has seen an upsurge in anti establishment protests in Thailand. James Syme provides his thoughts.
The Emerging Markets Opportunities team highlight one of their strongest conviction ideas.
Observations on some interesting differences between inflation dynamics in major Latin American countries.
A top-down look at the countries the JOHCM Emerging Markets Opportunities team are avoiding.
The US hegemon versus the Chinese challenger: echoes of history
Emerging markets to avoid: the JOHCM Emerging Markets Opportunities team provide their top down analysis.
We previously wrote that "banks generally carry a triple threat in this environment". We now update that to four threats.
James Syme provides the team’s signature top-down analysis of emerging markets and the risks and opportunities, country-by-country.
Shorter-term economic data sources and their usuefulness in navigating the impacts of the coronavirus spread in China.
"China is a source of opportunities rather than an opportunity in and of itself." - James Syme provides his latest monthly update.
Many investors have assumed that dollar strength is the new normal, but pressure on the dollar is building. And when the dollar does roll over, the history of EM equities suggests the asset class could deliver very strong returns.
Improving US dollar liquidity and a weaker dollar have the potential to drive very strong economic uplift and equity market returns in EMs.
Turning more positive on Turkey: James Syme, JOHCM Global Emerging Markets Opportunities, explains his optimism.
Despite the slowing global growth and trade war headwinds, James Syme outlines where the team are still finding opportunities.
Someday, this trade war’s going to end. That would be just fine for emerging market investors. Until then caution is warranted.
Recent events in Argentina underline why investing in EM starts with the top-down country call.
James Syme, manager of the JOHCM Emerging Markets Opportunities Fund, talks trade wars and currency manipulation.
James Syme gives his outlook on emerging markets given slowing economic growth in China and the slowing cycle.
James Syme, JOHCM Global Emerging Markets Opportunities, outlines the investment case for Russian equities, which have attractions despite the country’s well-documented political and corporate governance issues.
Note from James Syme on the recent interest rate cut in Chile and broader thoughts on the EM asset class/portfolio positioning.
James Syme discusses Mexico being the latest emerging market to undergo volatility as a result of politics-related trade uncertainty.
Conditions for EM ex-China look better for the next few years - James Syme, manager of the JOHCM Emerging Markets Opportunities Fund.
James Syme takes a look at two interesting stories that have been developing recently in South Africa and Mexico.
James Syme, JOHCM Global Emerging Markets Opportunities, on the positive changes in corporate governance in South Korea and what it means for the country's equity market.
Fed rate freeze bodes well for domestic EM equities
James Syme takes a look at US monetary policy and the resulting outlook for emerging markets.
James Syme gives his take on China and why he remains cautious.
Enticing valuations suggest 2019 will be a better year for emerging equity markets.
James Syme, manager of the JOHCM Emerging Markets Opportunities Fund, takes a look at the implications of the escalating US-China trade tensions for emerging markets
James Syme, manager of the JOHCM Global Emerging Markets Opportunities Fund, looks at whether opportunity can emerge from crisis in Brazil.
The importance of currency in emerging market investing: James Syme provides his insight on where the opportunities lie.
James Syme reviews how the rising oil price affects emerging market countries and currencies.
Analysing the effect of political change on emerging market equities
Investor optimism over the new South African president is misplaced, says James Syme, JOHCM Emerging Market Opportunities Fund.
James Syme, co-manager of the JOHCM Emerging Markets Opportunities Fund, explains his views on the geopolitical risk surrounding the Korean peninsula.
James Syme, manager of the JOHCM Emerging Markets Opportunities Fund, details the two developments that added to our optimism over the Indian economy and Indian equities.
James Syme, manager of the JOHCM Global Emerging Markets Opportunities Fund, takes an in-depth look at corporate Korea
Problematic current-account deficits in many emerging markets have eased, reducing the overall level of risk in emerging markets as an asset class, explains James Syme, manager of the JOHCM Emerging Markets Opportunities Fund.
There’s good news in retail credit, but state-owned banks have disappointed, says James Syme, manager of the JOHCM Emerging Markets Opportunities Fund.
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