In this podcast, Gary Greenberg, head of Emerging Markets (EM) at Hermes Investment Management and manager of the U$4.4 billion Hermes Emerging Market Equities Fund provides his current views on the state of EM markets. Gary outlines where he is currently finding value for his portfolio and the key factors for his stock selection process. He highlights some of the macro “noise” that he believes may be distracting investors and points out the headwinds that are most significant for him. Gary also outlines issues around liquidity, capacity and how ESG considerations formulate part of his investment process. Running Order Run

Occasionally, the global mutual fund industry produces a fund manager whose name becomes familiar even to those outside its usual orbit. One of these doyens, Franklin Templeton’s emerging markets (EM) pioneer, Dr. Mark Mobius, is set to retire after an esteemed 30 year career. EM fund launches have been considerable To put the durability of Dr. Mobius into perspective – when we go back to the late 1980s, there were only ten funds in what is now the broad-based Lipper Global Emerging Market Equity Funds classification. Today, there are some 1,200 funds in this classification, and in 2017 alone, we

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