A - Rated Malloy: Raw materials stocks will be the biggest EM driver
Nov 10, 2021•18 min0
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Episode description
John Malloy, manager of the RWC Global Emerging Markets fund, believes that raw materials stocks will be a huge driver for emerging markets, due to their crucial role in the transition to green energy.
The fund manager is particularly bullish towards Zambia’s largest mining company, First Quantum Minerals, due to its focus on copper mining.
Other plays in the strategy include Chilean firm SQM (Sociedad Química y Minera), which is the largest lithium producer globally.
Malloy also discusses how Evergrande and the more onerous regulation of Chinese tech companies has impacted the rest of emerging markets.
Despite contagion in Chinese equity markets, companies from the one party state still remain the largest allocation in Malloy’s portfolio.
The fund manager also explained why he had been upping his position in Chinese tech giants Meituan and Tencent.
Over three years the Global Emerging Markets fund has returned 37.4% compared with a sector average of 27.4%.
The fund manager is particularly bullish towards Zambia’s largest mining company, First Quantum Minerals, due to its focus on copper mining.
Other plays in the strategy include Chilean firm SQM (Sociedad Química y Minera), which is the largest lithium producer globally.
Malloy also discusses how Evergrande and the more onerous regulation of Chinese tech companies has impacted the rest of emerging markets.
Despite contagion in Chinese equity markets, companies from the one party state still remain the largest allocation in Malloy’s portfolio.
The fund manager also explained why he had been upping his position in Chinese tech giants Meituan and Tencent.
Over three years the Global Emerging Markets fund has returned 37.4% compared with a sector average of 27.4%.
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