Invesco Canada blog

Insights, commentary and investing expertise

Why EM? Why now?


October 19, 2017
Subject | Active management | Trimark

I’ve said it before, and I’ll say it again: I believe investing in emerging markets (EM) is best done using a truly active approach. Performance numbers tell one part of story – I’ll cover the numbers a little later in this post – but other elements of the “why active in EM” story are: managing risk, long-term growth potential, and understanding complex and unfamiliar local markets.

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Three ways we manage risk in emerging markets


June 5, 2017
Subject | Active management | Institutional | Trimark

Many investors perceive emerging markets (EM) as a risky place to invest their money. Visions of faraway places with different approaches to business, regulation and governance can be intimidating, but the reality in many EM countries is very different today than it was just twenty years ago. In this blog post, I’m going to discuss the three main ways our funds differ from others when it comes to managing risk and maintaining a strong risk/return profile for our EM investments.

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3 reasons for active management in EM

Now that passive index strategies are ubiquitous across markets, I am pleased to see that the overall active vs. passive debate is over, replaced by a more nuanced discussion about where each approach makes sense in an investor’s portfolio. I am of the firm belief that emerging markets is an investing space in which active management is not only preferred, but in most cases, vital. Here are my three main reasons why.

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Putting out fires at Samsung


October 24, 2016
Subject | Active management | Trimark

Samsung Electronics Co., Ltd. has dominated tech and business media recently with news it was recalling its Galaxy Note 7 phones. Product recalls such as this are not unheard of, but the combination of safety concerns, the popularity of the product and the ongoing battle for mobile phone dominance made this case headline-worthy. Samsung is a top-ten holding in two of the funds I manage – Trimark International Companies Fund and Trimark Emerging Markets Class (as at September 30, 2016). Here is my view on the business impact of the recall and how we are approaching our weightings in the funds.

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Emerging markets: The “trade of a decade”?


March 18, 2016
Subject | Active management | Institutional | Trimark

In a recent Bloomberg article, Research Affiliates LLC called emerging markets (EM) “the trade of a decade.” The article noted that long-term investors are currently presented with an “exceptionally cheap” opportunity, as the MSCI Emerging Markets (EM) Index has declined 30% over the past three years.1

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