
Lipper’s Jake Moeller reviews highlights of a presentation by Gary Greenberg, Head of Global Emerging Markets, Hermes, August 21, 2014. It is increasingly popular for emerging markets to be contextualised within myriad acronyms such as BRIC (Brazil, Russia, India, China), MINT (Mexico, Indonesia, Nigeria, Turkey), and the unwieldy CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa). Gary Greenberg, lead manager of Hermes Emerging Market Equities Fund, doesn’t care much for these acronyms, believing they misrepresent the heterogeneous and fluid nature of emerging markets. For him, emerging markets can be simply defined as those within the MSCI EM benchmark, along with