Reassessing emerging market equity allocations

Recent meetings with asset allocators across North America and Australia highlight an important question: How should allocators think about implementation to best capture the alpha opportunity?

10 Mar 2026

18 minutes

Jen Ford
Varun Laijawalla

Emerging markets (EM) equities outperformed developed markets stocks last year, for the first time since 2020. The issue for allocators is whether 2025 was just a blip or the start of a trend.

In this conversation with investment director Jen Ford, portfolio manager Varun Laijawalla weighs the evidence and considers how allocators could structure an EM equity portfolio.

Authored by

Jen Ford
Investment Director
Varun Laijawalla
Portfolio Manager, Emerging Markets Equities

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