Global Market Perspectives

While volatility pressured currencies and risk assets, the quarter also highlighted how energy dependence is increasingly influencing inflation, fiscal stability, and long-term equity performance across regions and global financial markets.

For institutional investors evaluating Emerging Markets allocations, the more relevant question is not whether a product appears on a ranking list, but whether its framework is repeatable, transparent, and aligned with long-term objectives. Rankings highlight outcomes. Process sustains them.

Against the backdrop of AI-driven growth and easing inflation, emerging markets extended its momentum, outperforming developed markets (DM) for the fourth consecutive quarter.

Emerging markets outperformed in the third quarter of 2025 as AI-driven growth, China’s anti-involution policy, and easing U.S. rates lifted risk appetite and renewed investor confidence.

Amid policy shifts, AI-driven productivity, and a weaker U.S. Dollar, investors face a changing global landscape. This blog explores how fiscal realignment, innovation, and trade dynamics are reshaping equity opportunities.

Equity Analyst, Lei Ge, CFA shares impressions from her recent trip to Taiwan where technology companies are at the center of the GenAI boom.