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Global emerging markets outlook 2026
We leave a strong year behind, with emerging market (EM) equities having raced ahead of developed market (DM) equities in 2025.1 While expecting a repeat of such exceptional performance may be too optimistic, we believe the outlook for EM equities in 2026 remains constructive. Several themes that continue to drive earnings momentum across the asset class underpin this outlook. EMs are far from homogenous, and the diversity across countries and sectors creates distinct opportunity sets. AI will likely remain a key driver within the broader information technology space, and the structural growth potential of AI ... (full story)
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