Baillie Gifford launched its first global emerging markets product in 1994. Since then, the asset class has changed dramatically, requiring investors to be adaptable and long-term in their outlook.

Find out why emerging markets appear very well-placed for growth in the coming years. Read Tempora Mutantur: reflections on 30 years of global emerging markets.

In summary…

• Evolution of Emerging Markets: The term “emerging markets” was introduced to highlight the potential and dynamism of developing countries.

• Specialization and Skills: Investing in emerging markets requires a distinct set of skills, including understanding macroeconomic drivers, embracing uncertainty, and recognizing the potential in areas not yet fully proven.

• Value of Active Management: There are significant benefits that specialist active managers bring to emerging market investments. And when done right, skillful management has the potential to enhance long-term returns.

• Impact of Macro Cycles: The performance of emerging market equities is greatly influenced by macroeconomic cycles, such as changes in commodity prices, underlining the importance of understanding these cycles for successful investment.

• Adaptability and Long-Term Perspective: Baillie Gifford’s approach to emerging markets is characterized by a stable yet adaptable strategy, focusing on long-term growth and the ability to evolve with changing market conditions.