by Jake Moeller.
In this #FundManagerChat podcast, James Johnstone, of RWC Partners and lead fund manager of the newly founded RWC Next Generation Emerging Markets Equity Fund explains the key investment theses underpinning frontier markets in 2019.
James considers how frontier markets should be differentiated against broader emerging market equities and the unique characteristics and opportunities they offer an investor. He outlines how RWC’s thematic overlay contributes to the portfolio composition of his fund and where this is leading him for his stock selection ideas.
James also outlines his current regional preferences in the portfolio, areas of the market he is avoiding and assesses key factors investors should keep in mind when seeking to invest in frontier market equities.
|00:20||What do you mean by “Next Generation?” within this new fund launch?|
|02:00||What is the emerging markets/ frontier markets lifecycle? Why is this important?|
|03:25||How does your thematic overlay at RWC impact your stock selection?|
|05:20||Outline the composition of your current portfolio|
|07:20||What areas of the market are you avoiding and why?|
|09:10||How are current high-level geopolitical factors affecting frontier market equities?|
|11:40||How significant are liquidity risks in this portfolio? How do you mitigate them?|
|13:00||What are key points investors/ potential investors should consider in frontier market equities?|
James is chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, in London on April 23, 2019.
James joined RWC in March 2015 from Everest Capital to co-manage the Emerging and Frontier Markets team with John. He has 19 years of investment management experience. Before joining RWC, James was most recently responsible for frontier markets analysis and portfolio management at Everest Capital.
He was also formerly co-founder and CIO of a multi-strategy Asian hedge fund and analyst at Gartmore and Schroders before that, where he focussed on emerging market equities.
James holds an MA (Hons) in Classics and Modern Languages, Christ Church, Oxford University and speaks Russian.
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This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
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