Insights

South Korea’s combination of Value Up reforms, export re-industrialisation and technological leadership is setting the stage for a potential market re-rating, supported by structural tailwinds and attractive valuations.

In July, a series of trade agreements between the United States and major trading partners were met with an optimistic response from investors.

As the Fiera Global Emerging Markets Strategy marks its 15-year milestone, Senior Portfolio Manager, Ian Simmons reflects on the evolution of the Strategy and shares how active stock selection, local insight and a catalyst-driven approach continue to uncover compelling opportunities across EM.

Neil Mitchell, Portfolio Manager & Sachin Sharma, Client Portfolio Manager, of the Fiera Atlas Global Companies Strategy share insights from the last quarter.

Following President Trump’s announcement on 2nd July, the United States has agreed to reduce tariffs on most Vietnamese exports to a level now estimated to be around 22% to 23%.

Amid a tech-led rebound and ongoing macroeconomic uncertainty, the Fiera Apex US SMID Growth Strategy remained focused on high-quality, secular growth opportunities, with strong contributions from industrial holdings and a diversified positioning across sectors.

Ian Simmons, Senior Portfolio Manager, joined FocusIR to discuss how structural shifts, improved governance and bottom-up stock selection are redefining opportunities across emerging markets.

Read our latest quarterly Investment Outlook and Portfolio Strategy document, providing a financial market recap for Q2 and our outlook for the next 12-18 months.

The second quarter ended on a bright note on the back of easing tensions on both the trade and the geopolitical fronts.

Demand for fund structures that facilitate dynamically managed allocations to private markets has intensified in recent years. Consequently, investment managers have sought to provide greater optionality, both in respect of portfolio customisation, but also by offering ‘evergreen’ open-ended funds in the semiliquid and illiquid asset space – structures that Fiera Capital has provided for two decades across real estate, natural capital, infrastructure, private equity and private credit asset classes.

US equity markets rallied meaningfully in May as investors appeared to conclude that peak tariff rates and peak fear may be in the rearview mirror.

In May, trade headlines once again dominated financial markets – albeit in a relatively positive light as signs of simmering tensions were met with a revival in risk appetite.