Ninety One

☀️🌿 As temperatures begin to rise, the team has been on fire in the media this week!🔥 From exploring opportunities in emerging markets, to discussing institutional investor interest in international equities, check out our latest roundup of media highlights below: 🗣️ In an interview with Bloomberg Emerging Market Reporters Jorgelina do Rosario and Selcuk Gokoluk, Varun Laijawalla, Emerging Markets Equity Portfolio Manager, discussed opportunities in the #UAE whilst navigating stocks less exposed to Trump’s trade war, as well as #China, #India and active management https://nty.one/3XWPSMe. 🗨️ Following Trump’s decision to freeze IRA funding and withdraw from the Paris climate agreement, Deirdre Cooper, Head of Sustainable Equity, told the Financial Times Clean Energy Correspondent Rachel Millard that pessimism hanging over the #decarbonisation sector was exceptional and mismatched with company performance, having seen strong growth and stable returns https://nty.one/3FywjDA. 💡 Sam Benstead, interactive investor, spoke to Multi Asset Portfolio Manager Jason Borbora-Sheen about why fixed income looks more compelling, now than 10 years ago, however, he cautioned that corporate bonds are expensive and extra yield doesn’t compensate for greater price risk https://nty.one/41VgHBV. 🗨️ In a piece on #Russia, Joseph Cotterill, Emerging Market Correspondent, Financial Times, caught up with Roger Mark, Emerging Market Fixed Income Analyst, who maintained “the rouble is still thinly traded outside Russia and the bonds are mostly off-limits to foreign institutional investors because of sanctions and their own internal rules” https://nty.one/41Xz3BX. 💡 In the March Hidden GEMs, Analyst Anton du Plooy discussed how DeepSeek’s artificial intelligence breakthrough is challenging U.S. dominance, bypassing restrictions and reshaping global AI investment and geopolitics, as published in Wealth DFM https://nty.one/41UTqji 🗨️The Financial Times’ Andrew Whiffin spoke with Mark Evans, Emerging Market Fixed Income Portfolio Manager, about Chinese reflation and economic growth, with Evans stating that underlying credit growth was not as strong as reported, “in terms of activity, the data has stopped collapsing but it is not picking up yet” https://nty.one/4kZISIj. 🗣️ FundFire Senior Reporter Sam Heller spoke with International Franchise Portfolio Manager Elias Erickson about increasing interest in international equities from institutional clients, as #tariff fears ignited a U.S. stock selloff. https://nty.one/3FDg1cP. ✍ In an op-ed for Portfolio Adviser, FundCalibre Ltd’s Darius McDermott examined sustainable investments under Trump, quoting Head of Sustainable Equity Deirdre Cooper, who said the decarbonisation landscape in the US is being reshaped by technological innovation and Republicans supporting the #IRA will make it difficult to dismantle https://nty.one/3Rg6Hhq. Jeannie Dumas, Laura Henderson

🌎 High interest rates and uncertainty over the government’s tax and spending plans have created a challenging backdrop for Brazilian companies. But some are using adversity to catalyse innovation, strengthening their business models through operational efficiencies and digitisation. Eduardo Henrique de Lima Gomes, CFA, Sustainable Equity analyst, shares his Notes from the road following a research trip to his home country. 🔗 https://nty.one/41sKEsE #91NotesFromTheRoad #brazil #sustainableequities #marketoutlook #investing #investment Investment involves risk; losses may be made. For professional investors.

Five years ago yesterday, on 16 March 2020, our firm became Ninety One, an independent company newly listed on the London and Johannesburg stock exchanges. We chose the tagline "Investing for a world of change". We did not know how prescient that would be. As we mark this milestone – our 5th year as an independent firm and our 34th in business – we want to thank you, clients, colleagues and friends of Ninety One, for your trust, partnership, and continued belief in what we do. We look forward to shaping the next chapter together.

Anton du Plooy, Global Tech Sector Analyst, discusses how #DeepSeek's AI breakthrough is challenging U.S. dominance, bypassing restrictions and reshaping global AI investment and #geopolitics. Newsroom: https://nty.one/4i9DroB #emergingmarkets #china #equities #technology #tech #AI #artificialintelligence

As investors consider long-term allocation strategies, the question isn’t why to be active in emerging markets—but whether you can afford not to be. In this new analysis, our EM Equities team shares examples of active opportunities not captured in passive portfolios. 🔗Check it out: https://nty.one/43LPbJi Investment involves risk; losses may be made.

🎉🚀 It's been a busy week of media activity 📣⭐ Have a look at our latest roundup of media highlights: 📺 Alan Siow, Co-Head of Emerging Market Corporate Debt, joined on CNBC’s Asia Street Signs anchor Tanvir Gill, and discussed how investor sentiment in Asia is likely to evolve with #tariff policies, heightened volatility being seen across traditionally safer havens, and EM’s resilience https://nty.one/3R3w6L8. 📺 Off the back of the latest Macroscope, Sahil Mahtani, Head of Macro Research, appeared on Sky News – The Business Show, hosted by Darren McCaffrey, discussing the potential for economic growth slowdown in the US, tariffs and what comes next, as well as the steel and aluminium sectors. https://nty.one/4isojm8 🗣️ Product Director Deepshika Hariparsad, CFA spoke to ESG Investor's Editor Blake Evans-Pritchard about SFDR registered vehicles, assessment and impact. https://nty.one/4ipcywP ✍️ Head of Macro Research Sahil Mahtani told IFA Magazine's Sue Whitbread that an economic slowdown could be tolerated to push through structural reform and how shifting dynamics may lead investors to seek opportunities beyond US assets https://nty.one/3XIanvW. ⭐ Miles Costello, Citywire Elite Companies, spoke to Head of Value Alessandro Dicorrado, about his favourite UK stock picks, including Rolls-Royce and NatWest https://nty.one/41YtPHl. 🗣️ Tidiane Doucoure, Director of Emerging Market Alternative Credit, told ESG Investor’s Jack Grogan-Fenn that without sufficient investment in transmission and distribution, Africa risks being unable to fully harness its abundant renewable resources, slowing economic and social progress https://nty.one/4hrx6n5 🗨️ In an article by Matteo Anelli at Trustnet, Alessandro Dicorrado, Head of Value, explains why the US may not be akin to an emerging market, with globally diversified revenues, global business leaders and the dollar still as the reserve currency of the world https://nty.one/3R1Ab2t. Jeannie Dumas, Laura Henderson

🌎 Sahil Mahtani, Head of Macro Research for our Investment Institute, argues that the Trump administration appears willing to tolerate a slowdown to push through structural reform. Weakening indicators, policy changes, and shifting dynamics may lead investors to seek opportunities beyond US assets. 🔗 Read the article > https://nty.one/3FhM81r 🔗 Visit the newsroom > https://nty.one/4iw0yJS #91Macroscope #marketoutlook #investing #investment Investment involves risk; losses may be made.

Tariffs are reshaping market dynamics - where are the opportunities for emerging market equity investors? In episode 2 of our Talking Tariffs series, Portfolio manager Varun Laijawalla and Sangeeth Sewnath, Head of Americas, discuss the risks, mispricings, and strategies for navigating uncertainty. 🎧 Listen now > https://nty.one/41RHos5 #emergingmarkets #markets #tariffs #investing #investment Investment involves risk; losses may be made. For professional investors.

Today, we opened trading at the London Stock Exchange to celebrate the month that marks International Women's Day (8 March) and our fifth anniversary as a public company (16 March).   We paid tribute to the many women at Ninety One who contribute to our success. The members of our Inspire Women’s Network and others who attended the bell’s sounding represented our female leadership and talent. Thanks to Stephanie Niven, who led the planning and spoke about Inspire at Ninety One, and to our chairman, Gareth Penny, for his encouragement and support.   It was great to be joined by Dineo Mathlako, CDFA, the South African Deputy High Commissioner in the United Kingdom, and Jane Walker, Head of Investment Strategy at Mercer. We appreciated your being with us.   #LondonStockExchange #IWD2025 #InternationalWomensDay2025 #InternationalWomensDay #AccelerateAction

📽️ What’s the real future of active management in a world obsessed with passives? Are private markets overhyped? And how is Ninety One using AI to create real commercial advantage?   In an exclusive conversation with business journalist Bronwyn Nielsen, Hendrik du Toit, our Founder & CEO, shares his views on some of the most talked-about forces shaping global markets today. He also reflects on South Africa’s future, and why – despite challenges – he remains optimistic about this “astonishingly resilient country.”   Also in this session, Peter Kent, Co-Head of Global Emerging Market Fixed Income, tackles the big questions shaping the year ahead – from the Trump 2.0 presidency and what it means for markets, growth, and inflation, to the policy uncertainty that's making 2025 one of the most unpredictable years for the world economy. He also shares his thinking on South Africa’s prospects and explains how Ninety One is positioning its fixed income strategies globally and locally to navigate what’s next. 🔗 Watch the full interview > https://nty.one/3F8RdJt   #assetmanagement #emergingmarkets #globalmarkets #southafrica #investing #investment