Halfway through 2020, the world remains in the grip of a global pandemic, an economic shock of unprecedented scope and magnitude. Investors’ initial response was a flight to safety. Risky assets — whose valuations depend upon uncertain future cash flows — initially suffered severely. Equities, corporate bonds and real estate all sold off sharply only to stage a dramatic rebound.
Understanding and integrating the impacts of ESG factors is a natural extension of our long-term modelling.
The last 12 months in many ways have been a microcosm of so much that is good and bad about emerging markets equity investing.
There are a myriad of lessons to learn from 2020, but from an investor’s perspective, the pandemic highlighted the need for us to be adaptable, open minded and flexible.
Since the Global Financial Crisis (“GFC”) in 2008, the composition of the emerging market (“EM”) equity index has been through considerable change.
The past decade has been a challenging period for value investors: record low interest rates and structural changes in the economy have caused investors to shun value stocks in favor of growth stocks.
Mondrian is an employee owned investment management firm with offices in London, Philadelphia and Singapore. We are value investors across the globe in both equity and fixed income asset classes. Founded in 1990, we have employed a rigorous fundamental research process that is the foundation of our success. Mondrian’s well resourced investment team manages assets on behalf of over 250 institutional clients.
© 2024 Mondrian Investment Partners Limited is authorized and regulated by the Financial Conduct Authority – Firm Reference Number 149507. All information is as of December 31, 2023 unless otherwise noted.
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