Are quality investors missing out on emerging market equities?

A quality bias has been the right way to invest in emerging market equities for many decades.

By focusing on companies with stable long-term track records, trusted management and governance and high returns, stockpickers have been able to mitigate the significant macro risks and volatility affecting most emerging market economies. In recent years, however, a purely factor-driven approach has been too restrictive. It potentially ignores the massive and transformative structural changes affecting companies, sectors and societies in the emerging world; one of the most exciting aspects of the asset class. Global equity market volatility will be 'collateral damage' of Trump's re-el...