Phil Langham, Head of Emerging Market Equities for RBC Global Asset Management, joined Alissa Howard, Institutional Portfolio Manager for RBC Global Asset Management, to discuss the factors driving emerging market performance and concentration.
Langham highlights that emerging markets have historically offered broad diversification across countries, sectors, and stocks, but recent performance has become increasingly concentrated. Taiwan and Korea now account for more than 50% of the benchmark, driven largely by leading semiconductor companies benefiting from AI-related investments. While Langham notes that AI’s long-term growth potential looks attractive, he also points to competition, monetization, and rising debt-funded capital expenditures as reasons for near-term caution.
Beyond AI, Langham sees opportunities in financials and consumer stocks, as well as Latin America, where stronger commodity prices and an improving political environment could provide support. Langham also remains positive on India over the long term, citing its strong growth prospects, high-quality companies, experienced management teams, and attractive franchises.
WEBCAST – Different by Design: Investing with Conviction Across a Shifting Fixed Income Market
AI’s massive financing needs are colliding with shifting opportunities across corporate and securitized credit, creating a fixed income market that rewards fresh thinking over default positioning. In this webcast, Andrzej Skiba, CFA, Head of BlueBay U.S. Fixed Income for RBC Global Asset Management, walks through his approach to today’s fixed income environment and why a differentiated thesis, deep credit expertise, and the flexibility to act as opportunities evolve can translate into better outcomes for fixed income investors, specifically:
- The financing shift: what AI’s capital needs mean for credit markets
- Where the opportunity lives: mapping change across corporate and securitized credit
- The case for conviction: why a differentiated thesis is essential right now
- Built to adapt: how flexible positioning helps investors navigate an evolving landscape
Sponsors of this webcast may contact registrants. This webcast is for financial professionals only.
Accepted for 1 CFP / IWI / CFA CE Credit
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