Which risk runs deeper: owning or avoiding emerging markets?

Emerging markets (EMs) account for more than 80% of the world’s population and more than half of its gross domestic product (GDP) but less than a tenth of typical global equity portfolios. With cheaper valuations, weaker currencies and lower correlations to developed markets, selective exposure to EMs can add diversification and resilience when it matters most. Stefan Magnusson from our offshore partner, Orbis, discusses.