Speakers and topics
More to be announced soon
Decoding Innovation: A CROCI Approach to Valuing the Future
Innovation is reshaping industries—but traditional accounting metrics often fail to capture its true value. This session explores how the CROCI framework normalises financial metrics to provide a clearer view of corporate performance and valuation. We demonstrate how the CROCI Innovation Leaders strategy systematically identifies companies combining innovative strength with attractive economic valuations, aiming to deliver consistent alpha while avoiding the pitfalls of overpaying for growth.
Emerging Markets May Finally Be Living Up to Their Potential – Rising importance in Portfolios
Emerging markets are experiencing a fundamental transformation driven by powerful AI and reform tailwinds, particularly across North Asian markets. The traditional growth narratives are giving way to technology-focused paradigms, with Taiwan and South Korea emerging as key beneficiaries of this shift. Companies in these markets are strategically positioned to capitalize on surging global AI chip demand and advanced manufacturing capabilities, creating compelling investment opportunities that were previously overlooked.
Beyond the technology revolution, regulatory reforms are reshaping the emerging markets landscape, promising enhanced market access, improved governance standards, and reduced operational barriers. This dual catalyst of technological advancement and structural reform presents a unique moment for investors to reconsider the role of emerging markets in their portfolios. The convergence of these factors suggests that emerging markets may finally be ready to deliver on their long-promised potential, offering both growth and quality improvements simultaneously.
Join Alexis for this comprehensive exploration of how to capture these transformational opportunities within emerging markets portfolios.
Emerging Markets: The map is not the terrain
Current market conditions create a misleading sense of safety in developed markets. Elevated valuations and heavy concentration in US mega-cap technology stocks mask underlying risks, and history suggests that starting from today’s valuation levels has typically led to only low single-digit returns over the following decade.In contrast, emerging markets are trading at significant discounts—nearly 60% cheaper than the US—with currencies that also appear undervalued. While the challenges in these markets are more visible, the starting valuations offer a more attractive risk-reward profile. Historically, similar entry points have delivered forward returns ranging from low single digits to more than 15% per annum.
When weighing the risks, avoiding emerging markets may in fact pose the greater long-term danger. Broader global exposure improves diversification and can reduce portfolio volatility. In addition, lower analyst coverage and market inefficiencies create opportunities for active managers to identify overlooked compounders and generate alpha. Join Stefan Sommerville, as he explains how Orbis has been uncovering opportunities in Emerging Markets for decades and where those opportunities are currently.