Ariel Investments' Christine Phillpotts offered three reasons emerging market assets will outperform in 2024 and beyond.
A lower rate environment this year will boost the thesis for investing in emerging markets, according to Christine Phillpotts, a portfolio manager at Ariel Investments. Phillpotts, who manages Ariel's Emerging Markets Value and Emerging Markets Value ex-China strategies, told CNBC's Mike Santoli at Berkshire Hathaway's annual shareholder meeting that there are several reasons why emerging markets should outperform in 2024 and beyond.
For investors interested in artificial intelligence beneficiaries, Phillpotts highlighted that key opportunities in emerging markets lay within the picks-and-shovels plays that "will power the AI revolution." These companies, she added, are key components to today's unfolding infrastructure deployment and are available at a "fraction of the multiple" they would be in a developed market. Year to date, the Ariel Emerging Markets Value strategy is up 8.
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