Emerging Markets at the Crossroads
A radical shift in the forces shaping emerging market (EM) growth will require investors to take a different investment approach from what may have worked in the past. Increasingly, discovering EM investment opportunities will be rooted in the ability to capture the alpha from the new growth drivers, rather than in chasing the beta of the broad EM universe.
Sources of data (unless otherwise noted) are as of 12/31/17.
Alpha indicates the performance, positive or negative, of an investment when compared against an appropriate standard, typically a group of investments known as a market index.
- 1 Pensions & Investments’ Top Money Managers list, 5/30/17; based on Prudential Financial total worldwide assets under management as of 12/31/16
- 2 P&I/Towers Watson Top 300 Pension Funds ranking, data as of December 31, 2016, published September 2017.