Growth-based, concentrated portfolios of high-potential stocks, actively managed to outperform their benchmark over the long term.

Our global emerging markets equities team is based in Boston and focuses solely on emerging market equities. We aim to have stock selection be the key driver of excess returns as we seek the best companies with distinct and sustainable advantages which allow them to grow shareholder value over the long-run and sustain growth through their differentiation or competitive edge.

We use an all cap approach which allows us to maximise the full breadth of the investment opportunity set and invest in high potential small and mid-sized companies early in their life cycles.

Our global emerging markets equities team utilises the expertise, perspective and context of over 200 BNP Paribas Asset Management’s investment professionals which are on-the-ground in over a dozen emerging market countries.

EUR 1.1 bn

(USD 1.3 bn)

assets under management

8

dedicated portfolio managers

13 years

average investment experience

200+

investment professionals across emerging markets

Investment Philosophy and Approach

We seek to invest in companies that are temporarily mispriced relative to their long-term earnings growth and economic return potential.  We do this by focusing on financially sound companies with superior business models and business strategies.  We look for proven management teams with strong corporate governance, which we believe is critical to consistent value creation. These companies must be financially productive, resilient businesses that can protect and grow their value during challenging economic conditions and outperform their peers over the long-run. In summary, we are aiming to capitalise upon the short-term orientation of the market to acquire quality companies at attractive prices.

We carefully select and monitor a focus list of stocks selected from all market capitalisations across the MSCI emerging markets index.  We look for those stocks that best satisfy our criteria for growth potential, financial health and profitability.  We ultimately look to construct a diversified portfolio consisting of 60-90 securities through disciplined stock selection and thorough monitoring of portfolio risks. A typical portfolio distribution is one where we have 40-70% of the portfolio composed of growth compounders, 30-50% composed of mispriced growth and up to 15% composed of disruptive growth.

  • Global Emerging Market Equities

    Our global emerging market equities strategy offers exclusive exposure to emerging equity markets across the world.

    Actively managed, the strategy is benchmarked against the MSCI Emerging Markets index.

    At a glance:

    • Fully-invested portfolio of 70-100 stocks
    • Aims to outperform its benchmark over rolling three-year periods with an information ratio of 0.5-1.0
    • Targets a tracking error against the benchmark 4-8%
    • All cap orientation maximizing the full breadth of the investment opportunity set
    • Experienced portfolio managers averaging over 13 years investment management experience
    • Investment emphasis on quality, market differentiation and sustainable financial productivity
    • Keen assessment of risk/reward and valuation in the context of growth potential
    • Global reach leveraging the expertise, perspective and context of over 200 investment professionals across a dozen emerging market countries
  • Frontier Market Equities

    Our frontier market equities strategy provides concentrated exposure to the world’s frontier markets and also smaller emerging markets.  This strategy is a complement for global emerging market investors who have the majority of their portfolio invested in the BRICs plus Korea and Taiwan.  It provides greater exposure to the smaller global emerging countries, which only account for 12% of the MSCI Emerging Markets Index.

    Our frontier market equities strategy is actively managed and benchmarked against the MSCI Select Emerging & Frontier Markets Special Weighted index, a custom benchmark created to provide better liquidity and diversification than the standard MSCI Frontier Markets Index or the Frontier Markets 100 benchmark.

    At a glance:

    • Fully-invested portfolio of 30-60 stocks
    • Aims to outperform its benchmark over a full market cycle
    • Launched in August 2013 and based on the same process as our long standing global emerging market equities strategy.
    • Experienced portfolio managers averaging over 13 years investment management experience
    • Investment emphasis on quality, market differentiation and sustainable financial productivity
    • Keen assessment of risk/reward and valuation in the context of growth potential
    • Global reach leveraging the expertise, perspective and context of over 200 investment professionals across a dozen emerging market countries