The monthly update from Baillie Gifford's Emerging Markets team.

The monthly update from Baillie Gifford's Emerging Markets team.

The monthly update from Baillie Gifford's Emerging Markets team.

The monthly update from Baillie Gifford's Emerging Markets team.

The monthly update from Baillie Gifford's Emerging Markets team.

Understanding the difference between pessimism and possibility in Emerging Markets.

The monthly update from Baillie Gifford's Emerging Markets team.

Willingness to change gives Chinese firms an innovation advantage.

Evaluating emerging market stocks by taking a mental leap into the future.

High yield today might not mean resilient yield tomorrow for Emerging Market debt. Theo Holland reveals how Indonesia turned raw potential into a pathway for sustainable growth.

It’s time to stop looking in the rear-view mirror when it comes to emerging markets. Conventional wisdom always extrapolates recent experience, but after a decade in which both economic growth and equity returns have been lacklustre relative to the rest of the world – and with relative valuations now back at multi-decade lows – we worry that investors have badly misunderstood the depth of the transformation that has been taking place in our asset class.

Will Sutcliffe, Sophie Earnshaw and Mike Gush, investment managers in the Emerging Markets team with a combined total of 45 years’ experience, give an introduction to the team’s approach.

Growing familiarity with China’s markets invites closer examination of governance at a country and corporate level. A company by company approach is vital to limit the risks and find the opportunities, writes Ben Lloyd.