for over 40 years
An Emerging Markets ex-China strategy is critical to precisely target the China allocation in EM investments. For active managers running an EM ex-China strategy, top-down country and sector allocation is an indispensable source of alpha. Read our latest Insights paper to learn more.
GMO’s Emerging Markets ex-China Strategy uses a process emphasizing top-down allocation, the same process we have run in our broad Emerging Markets Strategy for almost 30 years.
Global stocks and bonds are both expensive. No wonder investors are scouring the earth for attractively priced assets and alpha opportunities. We believe Japan Value and Small Cap Value stocks offer both – a compelling beta opportunity with room for active investors to add value.
Despite the common assumption that Growth stocks are longer duration than Value, this analysis shows that their durations are much closer than most realize. We expect Value to outperform the market over the next few years, and that belief neither assumes nor requires any particular moves in interest rates.
GMO Resources Fund and GMO Emerging Country Debt Fund have won U.S. 2021 Refinitiv Lipper Fund Awards, awarded to Funds with consistently strong risk-adjusted three-, five-, and ten-year performance. To view more information about the Awards, click here.
GMO’s Climate Change Strategy gained an impressive almost 43% in 2020, net of fees. We’ve delivered strong returns since our Strategy’s inception in 2017, and this long-term secular growth story is just gaining traction. We’re still in the very early days of the climate fight, and we continue to find compelling investment opportunities where the market isn’t pricing in reasonable growth expectations.
Read the Climate Change Strategy 2020 year-end letter for more details.
In his latest Viewpoints piece, Jeremy Grantham warns that the market is now checking off all the touchy-feely characteristics of a major bubble. Given his experience as a historian of markets, we would be wise to listen.
Click here to read the full article.