EM ex-China is attracting attention as investors look beyond China to opportunities in technology, demographics, and supply chain shifts.

We believe India’s favorable demographics, reforms, and digital transformation may support long-term growth opportunities for active investors.

We see numerous positive indicators that could suggest that emerging market equities are on the precipice of a new cyclical upswing.

Emerging market equities have shown strength in the face of “higher for longer” interest rate expectations, and we think the momentum can continue.

China faces uncertainties, but it is also inexpensive and making some necessary adjustments, so we don’t think the market should be overlooked.