Insights | 28 February 2018

Contemplating Value in Emerging Markets Intelligently

with a Little Help from Ben Graham

Executive Summary

In this paper, we revisit Ben Graham’s principles of value investing and extrapolate them further to the implications of investing in emerging markets. Graham reminds us that a disciplined approach to good investing requires us to be cognizant of changes in intrinsic value and be open to re-examining previously established conclusions. This holds true particularly in emerging markets where multiple risks abound and an economically diversified portfolio is critical to tackle uncertain outcomes.

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Disclaimer: The views expressed are the views of Amit Bhartia and Matt Seto through the period ending February 2018, and are subject to change at any time based on market and other conditions. This is not an offer or solicitation for the purchase or sale of any security and should not be construed as such. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.
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