Emerging and International Markets
We identify compelling growth opportunities across emerging, frontier and international markets, focusing on companies benefiting from structural change and global expansion.
Using a high-conviction, index-agnostic approach, we combine macro insight with fundamental research to build differentiated portfolios of growth at a reasonable price.
Emerging & Frontier Markets
Emerging and frontier markets represent many of the fastest‑growing and most structurally attractive economies in the world. The team believes their continued development offers compelling opportunities across a wide range of industries, particularly in countries benefiting from favourable demographics, economic reform and integration into global supply chains. The team’s index‑agnostic, opportunistic approach has been honed over more than two decades across more than 100 markets, and targets idiosyncratic growth stories that are off the beaten track for most investors.
International Markets
International Markets represent an often overlooked investment universe with companies that are frequently exposed to the same structural growth drivers the Team has identified across Emerging Markets. Many leading international companies are also generating superior sales growth from, or expanding their operational footprint into Emerging Markets. The Team applies the same investment process to uncover the strongest growth opportunities across International Markets, leading to a high-conviction portfolio of growth-at-a-reasonable-price opportunities that is predominantly invested in markets outside the US and includes a measured allocation to Emerging Markets.
High conviction approach
This high‑conviction philosophy results in concentrated portfolios built from differentiated stock‑specific positions, targeting attractively valued growth opportunities while maintaining diversified country, sector and thematic risk. In doing so, return profiles tend to be less correlated with mainstream equity indices.
Investment Process
The team combines top‑down macro and thematic insights with bottom‑up, GARP (growth at a reasonable price) stock selection to identify idiosyncratic growth opportunities. A macro framework guides country and risk assessment – with particular focus on growth, inflation, currency, interest rates and liquidity – highlighting markets where structural drivers are strongest. Fundamental research is anchored in long‑term investment themes such as financial inclusion, urbanisation and the energy transition. The team places strong emphasis on regular in‑person company meetings, with dedicated sustainability analysts embedding ESG considerations into each investment case, and maintains a strategic advisory relationship with geopolitical risk consultants Rice, Hadley, Gates & Manuel LLC.
Our strategies
Redwheel Global Emerging Markets
Redwheel Emerging Markets Ex China
Redwheel Sustainable Emerging Markets
Redwheel Next Generation Emerging Markets
Redwheel China Equity
Redwheel International Equity
To learn more about the products available in your region, visit here
Latest insights
In their latest insight the Redwheel Emerging and Frontier Markets team examines the increasingly demanding earnings expectations behind the technology rally. They explore the risks posed by elevated valuations, pressure on free cash flow, shifting investor sentiment and constraints on datacentre expansion - and ask whether the music can keep playing.
The Redwheel Emerging and Frontier Markets team explores the concentration challenge facing investors today and maps out under‑owned countries, sectors and themes that the team believes offer a richer blend of structural growth and genuine diversification.
The Redwheel Emerging, Frontier and International Markets team explores how oil shocks, weak exports and a lack of tech leadership have weighed on the bloc over the past decade. They argue that these same factors have also left valuations looking increasingly attractive ahead of a potential improvement in both trade conditions and oil prices, while index reclassifications in Vietnam and Indonesia could act as catalysts for renewed foreign inflows.
Meet the team
The team brings together 24 investment professionals from 13 nationalities, speaking 17 languages and averaging 15 years’ experience, with a presence across Miami, London, and Singapore.
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 is Co-Head of the Redwheel Emerging & Frontier Markets Team and the portfolio manager of the Redwheel Emerging Markets strategy.
Thomas is portfolio manager for the Redwheel Emerging Markets and International Equity strategies.
Victor serves as portfolio manager for Redwheel Sustainable Emerging Markets Equity Strategy and team’s Frontier and Next Generation Emerging Markets Strategies.
Cem leads macro research and is a member of the investment committee for the Emerging and Frontier Markets team at Redwheel.
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.
Colin leads our China research effort and is a member of the investment committee for the Redwheel Emerging and Frontier Markets team.
Ferdinand serves as an analyst covering the Latin America region for the Redwheel Emerging and Frontier Markets team.
Alan leads our quantitative research effort and is a member of the investment committee.
Christopher joined Redwheel in September 2017 as an analyst covering Latin America for the Redwheel Emerging and Frontier Markets strategies.
Shivesh joined the Redwheel Emerging and Frontier Markets team in November 2017 as an analyst covering African and Middle East regions.
Felipe joined Redwheel in September 2020 as macroeconomist for the Redwheel Emerging and Frontier Markets strategies.
Jessica serves as an analyst covering Asia for the Redwheel Emerging and Frontier Markets strategies.
Anel joined Redwheel Emerging and Frontier Markets team in August 2021 as an analyst supporting ESG research and projects implementation.
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 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.
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.
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.
Sebastien joined the Redwheel Emerging and Frontier Markets team as an Analyst in 2026.
Ramsy joined the Redwheel Emerging and Frontier Markets team in June 2025.
Yanyan joined Redwheel in September 2022 as an analyst in the Emerging and Frontier Markets Team covering China Equity.
Archana has 19 years of industry experience, in Redwheel she serves as portfolio manager for Redwheel Sustainable Emerging Markets Equity Strategy.
Michael joined the Redwheel Emerging and Frontier Markets team in September 2022 as a junior analyst assisting with equity research.26
Joseph joined Redwheel in 2022 as an analyst covering international equities.
No investment strategy or risk management technique can guarantee returns or eliminate risks in any market environment.