Name: Headwinds or Tailwinds- RBC 2021 Emerging Markets Outlook
Start: 2021-01-19T15:00:00Z
End: 2021-01-19T15:00:41.000Z
Location: BrightTALK
Rating: 4.6

Discussion based webinars hosted by RBC BlueBay portfolio managers from across the UK based strategies.

Please join RBC Global Asset Management for a Global Investment Outlook discussion led by our Chief Investment Strategist, David Riley, with representatives from both Equity and Fixed Income teams. Live presentation followed by open Q&A.

RBC Global Investment Outlook 2022

Domestic consumption has always played a big part in our Value strategy as rising income levels and the emergence of a new middle class have created hundreds of millions of consumers in the emerging world.
Laurence discusses a Hong Kong luggage company which is over one hundred years old and hosts a range of both high end and affordable products. Despite its long history, the brand continues to move with the times by investing in new technology and using recycled materials in its products. The stock suffered during the pandemic but as more of the business moves online and economies recover we expect to see the stock to bounce back.

Packaged to move in the right direction | The successful search within EM Value

Following centuries of growth, the world’s ageing population may start to shrink before the end of the century. Guest speaker and Chief Economist for Talking Heads Manoj Pradhan, RBC Chief Economist Eric Lascelles and RBC European Equity Product Specialist Freddie Fuller explore the profound societal and economic implications that may result from this demographic shift. They question if demographic change will reverse a multi-decade fall in inflation and interest rates and consider what the future holds for investors and asset classes should rising inflation become a structural trend.

Ageing populations and inflation: the implications

Technology features in all aspects of our lives, from online shopping and entertainment to staying connected. The number of exabytes exchanged globally increases daily and we expect this to continue in EM. 

The team has focused on a company that is the second-largest distributor of IT products in India and the largest in the Middle East and Africa. Despite the stock’s cheap valuation we believe it has a bright future.  With a new logistics and services business, and a new software company that helps smaller companies to digitalise, the company operates in a market still untouched by larger competitors.

The successful search within EM Value | Dialling in to new technology

Join our ESG Research & Policy Specialist Maia Becker and members of our CGRI team for an 'all questions answered' webinar on TCFD

What is TCFD?

In this webinar Laurence will discuss how the low banking penetration rate in EM is affecting  Mexico. She will also talk about how the team has identified a secular growth segment through a mid-cap-sized bank.

The successful search within EM Value | The green, white and red flag of banking

The latest in the short video series by our Global Equity team. 
Every investor should have an investment philosophy; it defines the risks that an investor can expect to be rewarded for taking, and those risks that are unlikely to reap any benefit.  But how do investors know if their portfolios successfully target these intended risks and why should they care if they don’t?
In this discussion Dag Wetterwald and Jeremy Richardson discuss the importance of risk transparency and how risk models can be used to shed a light on hidden biases within portfolios; biases that have the potential to give investors unwelcome surprises.  They also touch on the use of ‘randomised portfolios’ as a novel alternative way to explore inherent biases within an investor’s selection criteria.  Aspects of the results question certain prevailing market beliefs about the excess returns available in the small and large cap universes.

Global Equity. Investment brief: Implicit bias

Session 2: Be part of the conversation as we take a closer look into the 2021 Responsible Investment survey results surrounding climate change and the institutional response to related investment policies.

Climate change: Implications for institutional investors

Session 1: Join us as we discuss the key themes revealed in the global 2021 Responsible Investment survey and their implications for institutional investors.

Responsible Investment Survey: Key themes revealed

EM countries currently spend around 6% of their GDP on healthcare, compared to 15% for developed countries. As demographics shift to an aging population who are growing wealthier, we expect the GDP spend to increase and this theme to expand. 
The strategy owns the world’s second-largest bicycle manufacturer. Cycling became a popular- and non-polluting - mode of transport during the pandemic. The team sees value in this Taiwanese company, whose strong value chain has resulted in a dominant global brand which competitors will find hard to rival.

The successful search within EM Value. Health & wellness

Laurence Bensafi discusses China's largest manufacturer of integrated Hydrogen and explores why the team considers this company as ‘undiscovered’ and suitable Value opportunity.

The successful search within EM Value. Green infrastructure

As we continue to see growing inflows for ESG investors, it might have been a surprise to many that during the COVID-19 pandemic ESG ratings did not appear to provide the risk mitigation benefits investors had hoped for. We explore the possible reasons behind this and how, despite the ESG ratings, active analysis of intangible assets can provide additional benefits to investors.

Investment brief: ESG in a time of crisis

In this short video  Portfolio Manager, Zeena Dahdaleh, RBC Emerging Markets Equity, will discuss the key factors which we believe will drive the Green Infrastructure theme and the best ways to benefit from them.

The future of emerging markets: Green Infrastructure

A circular economy is a systemic approach to economic development designed to benefit businesses, society, and the environment. In contrast to the 'take-make-waste' linear model, a circular economy is regenerative by design and aims to gradually separate growth from the consumption of finite resources. UN SDG 12 is: ensure sustainable consumption and production patterns. Sustainable resource consumption is about doing more, and better, with less and minimising the use of natural resources. It is also about separating economic growth from environmental degradation, increasing resource efficiency, and promoting sustainable lifestyles.
In this live panel discussion we will be joined by Gerald Naber, Programme Manager of New Plastics Economy at the Ellen MacArthur Foundation, Tytti Kaasinen, Sustainalytics’ Director of Engagement Services, Ben Yeoh, Senior Portfolio Manager for RBC Global Equity and My-Linh Ngo, Head of ESG Investment at BlueBay Asset Management. Our panel will discuss how they look at circular economy and sustainable resource consumption when analysing a company, or engaging with it.

Circular economy and sustainable resource consumption

The strategies run by our RBC Global Equity team are focused on returns driven by bottom-up fundamental stock-picking and calculated stock-specific risk. In this 10-minute video, team members Julie Thomas and Emily Pilsworth join Jeremy Richardson to discuss fintech and how it fits with the development of the banking industry. They will also touch on the risks associated with fintech and whether or not it should be seen as an opportunity or a threat.

Investment brief: Fintech.

Our Asian Equity team is fortunate to interact with - and invest in - some fantastic companies in the region. These have strong management teams that can take advantage of multi-year structural growth opportunities in a region that boasts a growing and aspirational consumer class. Whilst the region continues to lag other developed markets in terms of ESG awareness and commitments, the team feels that change is being effected and things are moving in the right direction. 
The team works hard to ensure the risks - from an ESG perspective - of every investment it makes are researched in a disciplined manner and properly understood as this will help to generate alpha over the longer term. 
In this short video Derek Au and David Soh, Portfolio Managers, RBC Asian Equity, will discuss the misconceptions surrounding fraud and accounting risk with a particular focus on Asian equity markets, a topic that is covered in the recently-released RBC Asian Equity Annual ESG Report for 2021.

Managing accounting risk in Asia as stock pickers

Throughout history, technological breakthroughs have brought dramatic shifts in society. Today, we’re in the midst of a new “connected revolution” which can be defined as the coming together of various digital technologies that are blurring the lines between our physical and virtual realities. The COVID-19 pandemic has further accelerated the pace of technological adoption, and highlighted its influence on all aspects of our daily lives. How does this affect the sustainability and ESG aspects of the technology industry?
In this short video Ashna Yarashi-Shah, Portfolio Manager, and Dijana Jelic, Product Specialist, RBC Emerging Markets Equity, will discuss the impact of technology on labour markets and the relationship between technology and the environment.

The future of emerging markets: A connected revolution

The outlook for inflation has become a hot topic right now. Inflation is a key driver for markets and has caused substantial volatility recently. Will there be a shift to a new inflationary regime? If so, how will this affect different asset classes, businesses and equity valuations?
In this live webinar David Riley, Chief Investment Strategist at BlueBay Asset Management LLP, will provide an outlook for inflation and an overview of the recent developments in the bond market before moderating a discussion between Dominic Wallington, Head of European Equity, and Jeremy Richardson, Senior Portfolio Manager, Global Equity, RBC Global Asset Management (UK) Limited.

What can investors do to manage the opportunities and risks of inflation?

We invite you to join our emerging market credit and equity experts for a live webinar for institutional investors on January 19 at 10am ET. Investment professionals will provide insight into the tailwinds and headwinds shaping our 2021 emerging markets outlook. Topics to be addressed include:
       
           *   Perspectives on the China recovery story; implications for EM
  
           *   Investing against a backdrop of sovereign debt restructurings

           *   Finally time for EM local markets to shine?

           *   ESG and EM - mutually exclusive or can the two co-exist?




Moderator:
Kevin Dockrell
Institutional Portfolio Manager
RBC Global Asset Management

Panelists
Polina Kurdyavko
Partner, Head of Emerging Markets Senior Portfolio Manager
BlueBay Asset Management

Laurence Bensafi, CFA
Deputy Head, Emerging Markets Equity
RBC Global Asset Management

Mihai Florian
Senior Portfolio Manager
BlueBay Asset Management

Richard Farrell
Portfolio Manager, Emerging Markets Equity
RBC Global Asset Management

Headwinds or Tailwinds- RBC 2021 Emerging Markets Outlook

Emerging Markets

Covid-19

Geo-political

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Headwinds or Tailwinds- RBC 2021 Emerging Markets Outlook

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