Insights

Less than 24 hours after AP called the outcome of the 2024 US Presidential Race, Fiera Capital convened its inaugural US small-to-mid-cap equities roundtable for investors in Europe. The event was the first in a series, since the Fiera Apex US Small-Mid Cap Growth Strategy (c. USD$5.8bn AUM) was made available to professional investors on the continent in July of this year.

Dominic Bokor-Ingram, Senior Portfolio Manager for Emerging and Frontier Markets, joined Asset TV to discuss key trends and opportunities in Emerging Markets. The conversation highlighted inefficiencies in major emerging market indices, compared opportunities across Saudi Arabia, Vietnam, and Poland, and delved into the perception-reality gap within the market.

Equity returns were strong in the third quarter with a notable divergence in returns from smaller capitalisation companies relative to the mega cap peers. This past quarter saw the technology dominated Nasdaq index return 2.7% while the Russell 2000 Growth index returned 8.4%.

Dominic Bokor-Ingram discussed emerging markets investing in the context of geopolitics with Rich Mullen, CEO and Founder of Pallas Capital, and CIO Garav Milnick, drawing on 30+ years of experience.

The fourth quarter got off to a challenging start, with both stocks and bonds losing ground in October.

Dominic Bokor-Ingram, Senior Portfolio Manager for Emerging and Frontier Markets, recently participated in Asset TV's Global Emerging Markets Masterclass. Joined by experts from Fiera Capital, Skerryvore Asset Management, and Lazard Asset Management, the panel delved into key issues shaping emerging markets today. The discussion covered catalysts driving GEM outperformance, inefficiencies within major emerging market indices, and the evolving risks and opportunities in China and India.

Read our latest quarterly Investment Outlook and Portfolio Strategy document, providing a financial market recap for Q3 and our outlook for the next 12-18 months.

Healthcare remains one of the largest and fastest growing sectors in the U.S. economy. We see the sector’s prolific innovation, resilient demand, and support from long-term demographic trends and fundamentals as providing long-term drivers for continued growth.

Institutional investors seeking high-growth potential with a calculated risk profile should consider the dynamic landscape of small and mid cap (SMID) companies in healthcare and technology. These sectors boast a wealth of innovation, often driven by nimble and adaptable players poised for significant disruption.

The third quarter ended on a strong note, with a clear easing path for many global central banks paving the way for a soft landing.

Amid geopolitical tensions and economic uncertainties that have reduced international investment in China, India has become a significant force in emerging markets.

After a turbulent start to the month, sentiment improved and global equity markets came roaring back in August.