EM Fund Stock Picks & Country Commentaries (April 5, 2026)
China’s Exposure to the Gulf, Accton Technology, Sea Ltd, Dino Polska, SoftBank’s AI ‘stack,’ custodian selection in EM debt, inside the Vicuña copper district, more Middle East+Feb fund updates, etc.
As of the start of April and Holy Week/Easter, a few remaining February fund updates have become available (our continuously updated post containing all funds is here with January research removed) along with new research starting with some non-EM pieces that also covered particular stocks:
🔬🇺🇸🚩 Trip notes: Cleveland, Ohio (Baillie Gifford) - Key points
SAINTS manager James Dow looks beyond the AI wave to explore the US’s ‘real economy’, where entrepreneurial growth hides in plain sight
Sherwin-Williams Co (NYSE: SHW) and RPM International (NYSE: RPM) demonstrate how paint and coatings companies achieve remarkable competitive advantages
On-the-ground research reveals qualities that desk analysis misses, confirming how these Cleveland companies can revive Rockefeller-era confidence
🔬🇺🇸🚩 Uber’s age of autonomy (Baillie Gifford) - Key points
Uber Technologies Inc (NYSE: UBER)’s established network of 180 million customers and partnerships with leading AV companies position it strongly for the autonomous transport age
Its dual ride-hailing and food delivery services create a powerful network effect, with big growth potential in many markets
Now developing into a comprehensive super-app with travel booking, advertising and subscription services, it has the unique ability to blend human and autonomous drivers
New Asia Fund Documents & Research
🎙️🌏📝 Second Order Effects: From Iran to China, a Live Conversation with Dr. Kurt Campbell (PGIM) 39:24 Minutes - Daleep welcomed Kurt for an in-depth look at the U.S.-China relationship and the Iran war’s implications for Asia-Pacific. Speaking in front of a live audience, they also discussed how geopolitical shifts are reshaping economies, strategic leverage lurking in critical supply chains, and the outlook for Japan.
🎙️🌏 Asia’s financial systems: The Middle East stress test (Under the Banyan Tree by HSBC Global Research) 17:01 Minutes - With record outflows from Asian stock markets and currencies feeling the pinch, Fred and Herald discuss how the region is relatively well positioned to ride out the volatility caused by the Middle East conflict.