Emerging & Frontier Equities
Countries
Companies
Themes
The race to build the physical layer of AI — data centres, power, semiconductors and cooling — is creating a multi-year capex supercycle.
The monetisation layer above AI infrastructure — which companies capture value from AI at scale in consumer and enterprise markets.
Quantum computing is transitioning from research to early commercial deployment — creating asymmetric opportunities in hardware, software and quantum-safe security.
Export controls, rare earth restrictions and semiconductor nationalism are redrawing global technology supply chains — creating winners and losers across Asia.
AI data centres are driving unprecedented electricity demand — creating a structural bull case for gas, nuclear and grid infrastructure.
The energy transition and AI hardware buildout are converging on a small set of critical minerals — copper, lithium, cobalt and rare earths — concentrated in a handful of EM countries.
The renewable energy buildout is accelerating across EM — India, Vietnam, Chile and Morocco are leading, creating equity and infrastructure investment opportunities.
The erosion of US hegemony and rise of regional powers is driving a structural increase in defence spending and reshaping global trade — the dominant macro theme of the decade.
Saudi Vision 2030, UAE diversification and Qatar LNG expansion are creating the largest state-directed economic transformation in history.
The Iran conflict and Strait of Hormuz disruption risk is creating the most significant oil supply shock since 2022 — with direct implications for EM importers and Gulf exporters.
India's convergence of demographics, digitalisation and reform is creating a multi-decade growth story — the most compelling large EM equity market of the 2020s.
Chinese equities trade at a structural discount to global peers — stimulus, tech innovation and export strength could drive a significant re-rating for contrarian investors.
Global companies diversifying supply chains away from China are creating a structural FDI boom in Vietnam, Indonesia, Malaysia, Thailand and India.
Low banking penetration across frontier markets is creating multi-decade growth runways for domestic banks — Nigeria, Kenya, Vietnam and Egypt are the key markets.
Policy reform cycles in Brazil, Colombia and Chile are creating episodic equity opportunities — but political risk remains the dominant variable.
ETF approvals, stablecoin regulation and tokenisation are driving a structural shift in institutional allocation to digital assets — Bitcoin and Ethereum are the primary beneficiaries.