Quarterly outlook

EM Equities Quarterly Outlook

In our quarterly emerging markets equities outlook, we assess whether EM can outperform DM again in 2026. We also interview Jie Lu, Robeco’s lead China portfolio manager on his background, how China’s economy can overcome its many current challenges, and what the implications are for Chinese equity markets in 2026.

Authors

    Head of Emerging Markets team
    Head of Investments China

Summary

  1. EM earnings growth likely to exceed DM, again
  2. EM macroeconomic fundamentals are solid with lower levels of government and consumer debt
  3. Investors remain under allocated to EM

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