The team builds the portfolio one company at a time by looking for stocks in local markets that are trading at a discount, but have the potential to generate strong returns. This allows them to focus on the merits of each investment rather than country or sector allocation, seeking to deliver strong outperformance through stock selection.

Emerging markets benchmarks can be restricting, as they may have a bias towards larger-cap, government-owned stocks. We believe a broader opportunity set, outside the index, with exposure to small/mid caps, may offer greater potential for appreciation due to market inefficiencies.

Our experienced team of ~25 investment professionals leverages Goldman Sachs Asset Management's offices worldwide to construct a portfolio of emerging market stocks that seeks to outperform in various market environments. The team seeks to gain insight into local companies that may be overlooked by managers operating solely within their home countries.