Emerging Markets
Our global emerging, frontier and Asian market specialists share their latest insights from their travels through the region.

Did you know…

  • T. Rowe Price has been investing in emerging markets since 1980
  • Our EM analysts comprise 22 nationalities and speak 23 languages
  • We cover 75 countries across emerging and frontier markets
Latest Analysis

August 2021 / INVESTMENT INSIGHTS

Is the Value Rally in Emerging Markets Sustain...

Is the Value Rally in Emerging Markets Sustainable?

Is the Value Rally in Emerging Markets Sustainable...

Value investing is coming in from the cold

By Ernest Yeung

Ernest Yeung Portfolio Manager

August 2021 / MARKETS & ECONOMY

China Regulation—Opportunity May Lie in the...

China Regulation—Opportunity May Lie in the Midst of Stock Sell-Off

China Regulation—Opportunity May Lie in the...

We are assessing potential winners and losers amid new regulations in the education...

By Irmak Surenkok, Charles Knudsen & Daniel Hurley

By Irmak Surenkok, Charles Knudsen & Daniel Hurley

June 2021 / INVESTMENT INSIGHTS

Constructing a Chinese Equities Portfolio

Constructing a Chinese Equities Portfolio

Constructing a Chinese Equities Portfolio

Seek to exploit market inefficiencies and extract value from the investment universe

By Irmak Surenkok

Irmak Surenkok Portfolio Specialist

May 2021 / INVESTMENT INSIGHTS

Lessons Learned: Repeat of Taper Tantrum...

Lessons Learned: Repeat of Taper Tantrum Unlikely

Lessons Learned: Repeat of Taper Tantrum...

The Fed may announce first asset tapering steps this summer.

By Alan Levenson

Alan Levenson Chief Economist

May 2021 / INVESTMENT INSIGHTS

What’s Next for China’s Geopolitical Relations...

What’s Next for China’s Geopolitical Relations?

What’s Next for China’s Geopolitical Relations?

Tensions remain elevated, but expect a return to more multilateral negotiations

By Katie Deal & Chris Kushlis

By Katie Deal & Chris Kushlis

May 2021 / INVESTMENT INSIGHTS

Emerging Markets Should Largely Keep Pace...

Emerging Markets Should Largely Keep Pace With U.S. Rebound

Emerging Markets Should Largely Keep Pace...

Yield curves may steepen as growth recovers

By Chris Kushlis

Chris Kushlis Credit Analyst

February 2021 / PODCAST

‘Confidence is back’: EM on a Path to Recovery

‘Confidence is back’: EM on a Path to Recovery

‘Confidence is back’: EM on a Path to Recovery

A deep look into the prospects facing emerging markets investors

By Yoram Lustig

Yoram Lustig Head of Multi-Asset Solutions, EMEA

January 2021 / INVESTMENT INSIGHTS

Finding “Deeper Value” in Emerging Markets

Finding “Deeper Value” in Emerging Markets

Finding “Deeper Value” in Emerging Markets

Value-growth divergence may be peaking

By Ernest Yeung

Ernest Yeung Portfolio Manager

Fund Focus
RELATED FUND
SICAV
Class I USD
ISIN LU1244138340
A focused, yet well-diversified all-cap fund of typically 50-80 emerging markets companies. We seek to identify “forgotten” stocks that are under-owned and under-researched by mainstream investors, and which we believe are positioned to benefit from a fundamental re-rating.
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3YR Return
(Annualised)
10.03%
Fund Size
(USD)
$133.3m
RELATED FUND
SICAV
Class I USD
ISIN LU0310189781
A diversified portfolio of the local-currency denominated bonds of emerging market sovereign issuers. The strategy seeks to provide generally lower levels of credit risk compared to external bonds, with meaningful opportunities in terms of local interest rate cycle and emerging markets currency exposure. View More...
3YR Return
(Annualised)
6.09%
Fund Size
(USD)
$159.0m
Avg Coupon
6.60%
Avg Maturity
8.08 yrs
Avg Duration
4.98 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1044871900
A high conviction portfolio of around 40-70 Asia ex-Japan companies that we believe can reliably compound earnings and sustain strong cash flow generation over time. Put simply, we aim to buy high quality businesses run by high quality people.
View More...
3YR Return
(Annualised)
14.09%
Fund Size
(USD)
$465.2m
RELATED FUND
SICAV
Class I USD
ISIN LU1079765662
A portfolio of around 60-80 high quality, high growth companies from across frontier markets. The fund aims to offer pure exposure to the dynamic and fast-growing regions of frontier markets, which we define as any country not included in developed or emerging market indices.
View More...
3YR Return
(Annualised)
11.10%
Fund Size
(USD)
$107.7m
RELATED FUND
SICAV
Class I USD
ISIN LU0207127753
This is our flagship hard currency emerging markets debt portfolio. It offers broad exposure across emerging markets debt, with a credit-orientated approach that is broadly representative of external sovereign and corporate markets. View More...
3YR Return
(Annualised)
5.77%
Fund Size
(USD)
$257.1m
Avg Coupon
5.26%
Avg Maturity
13.09yrs
Avg Duration
8.36 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1079765662
A portfolio of around 60-80 high quality, high growth companies from across frontier markets. The fund aims to offer pure exposure to the dynamic and fast-growing regions of frontier markets, which we define as any country not included in developed or emerging market indices.
View More...
3YR Return
(Annualised)
11.10%
Fund Size
(USD)
$107.7m
RELATED FUND
SICAV
Class I USD
ISIN LU0596126465
A diversified portfolio of typically 100 to 150 securities in mainly corporate bonds from emerging market issuers. We would expect the bulk of value added to come from security selection, with the rest from sector selection. We employ a long-term investment horizon, combined with low portfolio turnover. View More...
3YR Return
(Annualised)
7.64%
Fund Size
(USD)
$262.9m
Avg Coupon
5.10%
Avg Maturity
8.91 yrs
Avg Duration
5.84 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU0310188205
A diversified portfolio of typically 50-80 stocks of companies from the Middle East and Africa region. Our investment approach is growth-orientated, unconstrained, and aims to deliver strong absolute performance by exploiting the inefficiencies of the local markets.
View More...
3YR Return
(Annualised)
8.00%
Fund Size
(USD)
$6.6m
RELATED FUND
SICAV
Class I USD
ISIN LU0266341725
An all-cap, growth-oriented portfolio of approximately 70-100 Asia ex-Japan stocks that represent our highest conviction ideas. The fund seeks to capitalise on the inefficiencies and growth potential of economies in the region.
View More...
3YR Return
(Annualised)
14.40%
Fund Size
(USD)
$1.0b
RELATED FUND
SICAV
Class I USD
ISIN LU1044871900
A high conviction portfolio of around 40-70 Asia ex-Japan companies that we believe can reliably compound earnings and sustain strong cash flow generation over time. Put simply, we aim to buy high quality businesses run by high quality people.
View More...
3YR Return
(Annualised)
14.09%
Fund Size
(USD)
$465.2m

Past performance is not a reliable indicator of future performance.

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.