Emerging & Frontier Markets

Emerging and frontier markets represent the fastest growing economies in the world. We believe the continued growth of these markets presents compelling opportunities across a range of industries. Our index agnostic, opportunistic approach has been honed for more than two decades, and the depth of experience garnered within our team allows us to participate in attractive growth opportunities that are off the beaten track for most investors.

Make space for the next generation

Primary analysis

Its high yield conviction approach results in concentrated portfolios that are exposed to a broad range of differentiated ideas. Individually, these ideas may represent high risk but, in combination, they deliver the potential for diversified growth.

High conviction approach

The team’s extensive experience covers a wide variety of market conditions, often as pioneer investors in markets that are not yet part of mainstream indices. Its high conviction approach results in concentrated portfolios that are exposed to a broad range of differentiated ideas that combine to deliver attractive growth potential with diversified risk.

President Erdogan won re-election in Turkey in 2023 by running the economy hot; he pursued a strategy of strong economic growth to boost consumption, employment and wages. Although this economic policy might have been popular with the electorate, financial markets did not like it because inflation jumped. In this article, we explore the prospects for Turkey's economy in 2024 and beyond, plus the investment considerations for investors.

NGEN economies are following the same, well-trodden path towards economic development as China and Korea decades ago. But can countries like Romania and Vietnam achieve the same economic success as their more developed counterparts?

The Redwheel emerging and frontier markets team explore the reasons behind China's market slump since 2021 and why now could be a potential turning point for Chinese equities.

Awards and recognition

Winner: Asset Manager Investment Team of the Year

Winner 2021: Global Emerging Markets

James Johnstone ranked #1 Manager – Citywire Euro Stars 2023 

Meet the team

A large team of investment professionals, some of whom have worked together for over two decades, prioritising face-to-face research to inform idea generation. This provides on-the-ground knowledge and an ability to seek out a wide range of opportunities across the emerging and frontier markets spectrum.

James Johnstone

James is Co-Head of the Redwheel Emerging & Frontier Markets Team and the portfolio manager for the Redwheel Frontier and Next Generation Emerging Markets Strategies.

John M. Malloy

John is Co-Head of the Redwheel Emerging & Frontier Markets Team and the portfolio manager of the Redwheel Emerging Markets strategy.

Victor Erch

Victor serves as portfolio manager for Redwheel Sustainable Emerging Markets Equity Strategy and team’s Frontier and Next Generation Emerging Markets Strategies.

Colin Liang

Colin leads our China research effort and is a member of the investment committee for the Redwheel Emerging and Frontier Markets team.

Cem Akyurek, Ph.D

Cem leads macro research and is a member of the investment committee for the Emerging and Frontier Markets team at Redwheel.

Thomas K. Allraum, Chartered FCSI

Thomas is portfolio manager for the Redwheel Emerging Markets and International Equity strategies.

Ferdinand Campbell

Ferdinand serves as an analyst covering the Latin America region for the Redwheel Emerging and Frontier Markets team.

Christopher DiSalvatore

Christopher joined Redwheel in September 2017 as an analyst covering Latin America for the Redwheel Emerging & Frontier Markets strategies.

Shivesh Haulkhory

Shivesh joined the Redwheel Emerging and Frontier Markets team in November 2017 as an analyst covering African and Middle East regions.

Felipe Labbe, Ph.D

Felipe joined Redwheel in September 2020 as macroeconomist for the Redwheel Emerging and Frontier Markets strategies.

Jessica Lim

Jessica serves as an analyst covering Asia for the Redwheel Emerging and Frontier Markets strategies.

Anel Pena

Anel joined Redwheel Emerging and Frontier Markets team in August 2021 as an analyst supporting ESG research and projects implementation.

Matthew Sandys-Thomas

Matthew joined the Redwheel Emerging and Frontier Markets team as an investment writer in 2020, and now serves as an analyst covering Consumer Staples and Real Estate in Developed Markets.

Jaimin Shah, CFA

Jaimin leads our bottom up research efforts, serves as an analyst covering Asia and a member of the investment committee for the Redwheel Emerging and Frontier Markets team.

Christopher Siow, CFA

Christopher serves as an analyst covering EM Asia, ex-China for the Redwheel Emerging and Frontier Markets strategies.

Alan Spies, Ph.D

Alan leads our quantitative research effort and is a member of the investment committee.

Luke Yang

Luke joined Redwheel in January 2022 as an Analyst covering China for the Emerging and Frontier Markets strategies.

Tianyu Xiang, CFA

Tianyu Xiang joined Redwheel in February 2022 as analyst in the Emerging and Frontier Markets Team. He has 8 years’ experience in fundamental research and equity analysis.

Kaori Mackay

Kaori joined Redwheel in 2022 as an analyst covering Japan. She also serves as a member of the investment committee for the Redwheel Emerging and Frontier Markets team.

Eloise Veillet

Eloise joined Redwheel in 2022 as a Portfolio Manager to launch the Redwheel International Equity Strategy.

Nick Smithie

Nick joined Redwheel as a Head of Thematic Research and is a member of the investment committee for the Redwheel Emerging and Frontier Markets team.

Archana Shah

Archana has 19 years of industry experience, in Redwheel she serves as portfolio manager for Redwheel Sustainable Emerging Markets Equity Strategy.

Yanyan Feng

Yanyan joined Redwheel in September 2022 as an analyst in the Emerging and Frontier Markets Team covering China Equity.

Michael Sefton

Michael joined the Redwheel Emerging and Frontier Markets team in September 2022 as a junior analyst assisting with equity research.26

Joseph Ayoola

Joseph joined Redwheel in 2022 as an analyst covering international equities.

Hui Ting Ang

Ting is portfolio manager for the Redwheel Sustainable Emerging Markets Equity strategy, as well as an analyst in the Redwheel Emerging and Frontier Markets team and a member of investment committee.

No investment strategy or risk management technique can guarantee returns or eliminate risks in any market environment