Emerging Market Skeptic

Emerging Market Skeptic

EM Fund Stock Picks

EM Fund Stock Picks & Country Commentaries (February 23, 2025)

Tariff risks being priced differently across countries + China consumption as a counter, Amer Sports (ANTA Sports Products), India still compelling, EM investing red flags, frontier market debt, etc.

Feb 23, 2025
โˆ™ Paid

As mentioned last week, I had hit a word or character limit (maybe in part given the emoji use) with our continuously updated post and have been hitting it again tonight (but was able to save the post and start the process of breaking it up into smaller posts which I will further do next week):

I had already cleaned it up and have continued to experiment with Chinese AI (as noted in detail late last week) as at the very least, its extremely useful for extracting/organizing data/information like stock namesโ€ฆ


As of late February, more January fund updates (our continuously updated post containing all funds is here - Any December 2024 research will be removed by next weekend as we enter March) and some new research have become available starting with a non-EM piece covering some stocks:

  • ๐ŸŽฅ๐Ÿ‡ช๐Ÿ‡บ European Espresso: strategic shifts redefining the luxury goods market (4:38 Minutes) [Includes Transcript] - As part of our Espresso series, Portfolio Analyst Federico Borin delves into Q4 results for Europeโ€™s luxury goods companies, exploring two key themes that could be fundamental to how the sector performs in 2025.

    • ๐Ÿ‡ซ๐Ÿ‡ท LVMH Moรซt Hennessy Louis Vuitton (EPA: MC / OTCMKTS: LVMUY / LVMHF)

    • ๐Ÿ‡จ๐Ÿ‡ญ Richemont (SWX: CFR / JSE: CFR / FRA: RIT1)


New Asia Fund Documents & Research

  • โฐ๐ŸŽฌ๐ŸŒ Differing macro outlooks and trade risks in APAC: What to watch? Join our webinar (FTSE Russell) - Throughout the discussion, our presenters will draw upon key findings from our APAC Financial Markets Spotlight Market Maps report, published shortly before this webinar. 27 FEBRUARY 2025:

    • EMEA and Americas 2pm GMT / 9am EST

    • APAC 3pm HKT

  • ๐Ÿ—„๏ธ๐ŸŒ Henderson Far East Income Limited (LON: HFEL)โ€™s January factsheet (detailed economic and portfolio - in the top corner + under documents) discussed or mentioned:

    • ๐Ÿ“ˆ๐Ÿ‡น๐Ÿ‡ผ Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM)

    • ๐Ÿ“ˆ๐Ÿ‡ฆ๐Ÿ‡บ Macquarie Group Ltd (ASX: MQG / FRA: 4M4 / 4M42 / OTCMKTS: MQBKY / MCQEF)

    • ๐Ÿ“‰๐Ÿ‡ฎ๐Ÿ‡ณ HCL Technologies (NSE: HCLTECH / BOM: 532281) - Software development & BPO.

    • ๐Ÿ“‰๐Ÿ‡ฎ๐Ÿ‡ณ Bharat Petroleum Corporation Ltd (NSE: BPCL / BOM: 500547)

    • ๐Ÿง๐Ÿ‡ฎ๐Ÿ‡ณ NTPC Ltd (NSE: NTPC / BOM: 532555) or National Thermal Power Corporation

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