


Beyond state ownership: capturing emerging markets' structural transformation
Emerging Markets (EM) structural shift from State-Owned Enterprises (SOE) to private enterprise is accelerating. Non-SOEs have outperformed SOEs by 17% since end-2024, driven by semiconductor giants TSMC, Samsung and SK Hynix. Taiwan now leads the MSCI EM index. Discover how to obtain systematic access to ‘New Economy’ EMs at historically attractive valuations.
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