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    risks.

    The following risks may be materially relevant but may not always be adequately captured by the summary risk indicator and may cause additional loss: Risks linked to the use of derivatives and financial techniques, Concentration risk and Emerging market risk.

    glossary.

    Emerging High Conviction 

    Aiming to capture multi-year growth opportunities from the transformation of emerging markets

    Developing economies are evolving rapidly, with clear market tailwinds benefiting businesses. Our strategy takes a highly selective approach to investing in these stocks, recognising the diverse nature of the markets and companies within them.

    USD 11.1 trillion

    Total market capitalisation of MSCI Emerging Markets Index1

    85 %

    Large-cap exposure in the index1

    77 %

    China, Taiwan, Korea and India share of the index1

    overview
    overview·philosophy and approach·growth opportunities·process·key figures·investment team ·performance and data·insights

    overview.

    We invest in high-quality, large-cap companies that combine strong growth, durable competitive advantages and reasonable valuations. 

    why invest?

    Emerging economies are coming of age
    Many emerging market (EM) economies are stronger and wealthier than ever, and the growth differential with developed markets continues to widen

    Economic and market tailwinds
    Stabilising U.S. monetary policy and broadly easing credit conditions in Asia enhance the near-term prospects for EM equities

    Technology sector catalysts
    The region, notably Asia, benefits from a deep technology ecosystem, being home to leaders in AI infrastructure, edge-AI chip manufacturing and EVs. This is reinforced by growing demand for digital, cloud and data services

    Change and diversity
    EM economies have evolved and strengthened over recent years, but they remain diverse. Even in the strongest markets, companies’ prospects vary dramatically

    High-conviction approach
    A highly selective investment approach centred on sustainability is vital for seizing the best EM opportunities.

    philosophy and approach.

    • We believe that investing in emerging markets equates to investing in growth
    • Our investment philosophy is focused on uncovering high-quality companies with strong growth potential, robust moats and reasonable valuations
    • We also value the ability to take an independent, contrarian approach in this diverse market
    • By dividing the equity universe into four growth categories, we aim to reduce the risk of overexposure to any one style. 

    Portfolio construction 2
     

    Our high-conviction allocation aims to capture the best growth opportunities in Asia and non-Asia EM.

    growth opportunities.

    EM companies are riding the waves of domestic and regional economic expansion and technology-driven transformation. We recognise Asia’s particular importance, illustrated by its 80% share of the MSCI EM Index. 

    Asia EM’s growth will become less correlated with the US and Europe as it deepens partnerships across the global south, reducing reliance on Western economies.

    We see three broad growth opportunities for long-term return potential. 

    EM  platform winners

    Digital platforms that provide valuable services – such as financials, technology, travel and transportation – are thriving in an environment of global expansion, leading to ‘winner takes all’ opportunities.

    Technology

    The technology ecosystem is being disrupted and transformed by AI. 

    Asian suppliers hold a dominant position in the technology supply chain and will continue to benefit from the broadening adoption of AI. 

    India

    India is entering a new secular growth cycle.

    The economy is supported by domestic demand, infrastructure investment and opportunities from China+1 strategies that expand its addressable market.

    process.

    Our top-down and bottom-up investment process fully integrates ESG analysis without sacrificing alpha-generation potential3.

    key figures4.

    2011

    31 October 2011
    strategy inception

    50-70

    stocks held within the EM universe

    5 %

    expected tracking error5

    investment team6.

    LOcom_AuthorsAM-Dhiraj.png Dhiraj Bajaj
    CIO, Asia Fixed Income and Equity 
    LOcom-AuthorsAM-Low.png Wee Jia Low
    Portfolio Manager
    LOcom-AuthorsAM-Chung.png Ashley Chung
    Portfolio Manager
    LOcom-AuthorsAM-Gao.png Faye Gao
    Portfolio Manager

    1  Source: LOIM, MSCI, Bloomberg. As at 30 Jan 2026.  
    2  Source: LOIM. For illustrative purposes only. Holdings and/or allocations are subject to change.
    3  Source: LOIM. For illustrative purposes only.
    4 Source: LOIM, as of 31 October 2025. For illustrative purposes only.
    5  Ex-ante tracking error is based on risk models. Actual tracking error will vary from our model depending on market circumstances and individual stocks performance. Target relative performance is based on the ex-ante tracking error and assuming an information ratio of 0.5. Benchmark: MSCI Emerging Markets Index (USD)
    6  Investment team subject to change without notice.

    Find out more about our Emerging High Conviction fund, including share classes.

    more information

    insights.

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    India in 2024: a trio of new positive catalysts
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    China's crackdown: a credit perspective
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    China's crackdown: a credit perspective

    China’s crackdown: closed door or window of equities opportunity?
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    China’s crackdown: closed door or window of equities opportunity?

    Outlook 2021 – Asian Equities
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    Outlook 2021 – Asian Equities

    more insights

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    important information.

    This document is a Corporate Communication and is intended for Professional Investors only. This document is a Corporate Communication for Professional Investors only and is not a marketing communication related to a fund, an investment product or investment services in your country. This document is not intended to provide investment, tax, accounting, professional or legal advice. This document is issued by Lombard Odier Asset Management (Europe) Limited (hereinafter the “Company”).

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