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Emerging market stocks are at a generation low, even as developing economies are growing rapidly. Prices are volatile, and political systems are unstable particularly now with the threat of a trade war. So, why should investors buy emerging market stocks now?

The sixth annual Investing in Emerging Markets, North America 2019 Report brings together North American pension plan, insurance, endowment, foundation and large private wealth investment managers to examine the growing plethora of opportunities in emerging market investing, both within and beyond the BRIC countries.

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SECTION 1


CONSISTENT RETURNS IN AN UNPREDICTABLE WORLD

1.1 INTERVIEW: Social Impact investing in China: a tipping point
- Mike Muldoon, Associate Director, Innovative Finance, The Rockefeller Foundation

1.2 INTERVIEW: The challenges of change and evolution of investment solutions in an evolving emerging market equity landscape.
- Michael LeBel, Senior Investment Analyst, Mercer

1.3 INTERVIEW: Global emerging markets: a value investment overview
- Andrew Cormie, Global Emerging Markets Portfolio Manager, EastSpring Investments

SECTION 2


INCREASING INVESTMENT OPPORTUNITIES

2.1 WHITE PAPER: Growth markets: achieving success with long-term commitment
- Anita George, Executive V.P. of Growth Markets, Caisse de Depots et Placement du Quebec

2.2 INTERVIEW: Implementing an absolute return strategy with EM elements
- Darryl Orom, Head of Absolute Return Investment, Alberta Teachers’ Retirement Fund

2.3 WHITE PAPER: The road to electrification: electric vehicle potential in India and other emerging markets
- Rina Jha, CFA, Senior Analyst for Global Emerging Market Equities, BNP Paribas Asset Management

SECTION 3


ALL EYES ON CHINA

3.1 INTERVIEW: The case for a dedicated China exposure
- Aaron Costello, Regional Head for Asia, Cambridge Associates
- Celia Dallas, Chief Investment Strategist, Cambridge Associates

3.2 ROUNDTABLE DEBATE: Can Chinese equity investments generate alpha?
- Timothy Reynolds, Head of International Equities, Employees Retirement System of Texas
- June Kim, Emerging Markets Portfolio Manager, Employees Retirement System of Texas
- Joanna Yang, Portfolio Manager, Investec

3.3 WHITE PAPER: China: an asset allocator’s framework
- Investec Asset Management

3.4 WHITE PAPER: China’s great opening: this time it’s real
- Jean-Charles Sambor, Deputy Head, EM Fixed Income, BNP Paribas Asset Management

Michael LeBel

Senior Investment Analyst, Mercer

Anita George

Executive V.P. of Growth Markets, Caisse de Depots et Placement du Quebec

Darryl Orom

Head of Absolute Return Investment, Alberta Teachers’ Retirement Fund

Rina Jha

CFA, Senior Analyst for Global Emerging Market Equities, BNP Paribas Asset Management

Aaron Costello

Regional Head for Asia, Cambridge Associates

Celia Dallas

Chief Investment Strategist, Cambridge Associates

Mike Muldoon

Associate Director, Innovative Finance, The Rockefeller Foundation

Andrew Cormie

Global Emerging Markets Portfolio Manager, EastSpring Investments

Jean-Charles Sambor

Deputy Head, EM Fixed Income, BNP Paribas Asset Management

Joanna Yang

Portfolio Manager, Investec

June Kim

Emerging Markets Portfolio Manager, Employees Retirement System of Texas

Timothy Reynolds

Head of International Equities, Employees Retirement System of Texas

BNP Paribas Asset Management is a leading provider of quality investment solutions for institutional, corporate and individual investors. We are backed by BNP Paribas, whose scale and A+ rating gives us and our clients the secure foundations to invest and make a positive difference to people’s futures.


We are ‘the asset manager for a changing world’. We are organised to stay at the forefront of developments while maintaining an unwavering focus on what our clients want most – long-term sustainable returns, built on the firm foundations of quality assets.


Our investment teams are focused on fixed income, equities, multi-asset and quantitative solutions and private debt and real assets. They are located in 23 countries across six continents. We began offering investment management services in 1964 and have been serving US clients since 1972. We had $486 billion in assets under management and as of June 30, 2019. To learn about our full range of investment capabilities, visit: institutional.bnpparibas-am.com.

Investec Asset Management provides investment products and services to institutions, advisory clients and individuals. Our clients include pension funds, central banks, sovereign wealth funds, insurers, foundations, financial advisers and individual investors.

Our investment expertise covers major asset classes, sectors and geographies. Over 28 years of growth later we are an international investment management business managing approximately $151 billion for clients based all over the world, which include dedicated Emerging Market equity and debt strategies, Asian equity strategy and China equity and debt strategies.

Eastspring Investments is a leading Asia-based asset manager that manages over USD216 billion (1) of assets on behalf of institutional and retail clients. Operating in Asia since 1994, Eastspring Investments is the Asian asset management business of Prudential plc, an international financial services group, and has one of the widest footprints across the region (2).


We provide investment solutions across a broad range of asset classes including: Equities, Fixed Income, Multi Asset Solutions, Quantitative Investment Solutions, Alternatives and are committed to delivering high quality investment outcomes for our clients over the long term.


(1) As at 30 June 2019.

(2) Eastspring Investments (excluding JV companies) companies are ultimately whollyowned/ indirect subsidiaries/ associate of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV’s) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

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