Today’s emerging markets, tomorrow’s powerhouses

A diverse opportunity set

Emerging markets are too varied to treat as a homogeneous asset class strategy. Every country comes with its own distinct culture, idiosyncrasies, risks and opportunities and requires a different and considered approach.

At T. Rowe Price, our on-the-ground experience affords us a nuanced and selective view. We are ‘investment locals’, not tourists. Each country is our home, each opportunity our clients’ potential gain.

Economies like China, India and many others provide rich ground for long-term investors, who can no longer afford to underestimate the opportunities they offer, nor the promise they bring. Need some examples?

Trade volumes are expected to shift towards emerging markets, especially as annual consumption in emerging economies is poised to reach $30tn by 2025.1

By 2030, seven of the world’s ten largest economies by GDP will be emerging markets.2

Education standards in emerging markets are improving significantly on the back of economic growth and strong public investment.3

1 McKinsey: Winning the $30 trillion decathlon
2 Standard Chartered
3 Euromonitor International: Rising Education Standards in Emerging Market Economies Will Support Income and Economic Growth

1McKinsey: Winning the $30 trillion decathlon
2Standard Chartered
3Euromonitor International: Rising Education Standards in Emerging Market Economies Will Support Income and Economic Growth

Emerging markets are less established than developed markets and therefore involve higher risks.

Pioneers in emerging markets

We have been investing in emerging markets (EM) since 1980, the infancy of the asset class strategy. Today, we manage more than US$14.5 billion* in developing markets for our clients across equity, fixed income and multi-asset investment strategies.

At T. Rowe Price, the active collaboration between our equity, fixed income and ESG analysts means we have true cognitive diversity, 360-degree perspectives, and experience across EM cycles. 

Our analysts are experts in their fields - with backgrounds ranging from medicine to geology - who foster long-term partnerships with companies and governments in developing markets. Our fixed income research team often offer what we call “weather forecasts” for each individual EM economy. Incorporating this top-down view is particularly useful when analysing individual companies.

Our on-the-ground experience affords us a nuanced and selective view. With 199 equity research professionals, from 26 nationalities speaking 28 languages, we are ‘investment locals’, not tourists. 

* Dedicated Emerging market equity and fixed income AUM include assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates as of 31 December 2022.

40 years of commitment to Emerging Markets

Our actively managed fund range

Our emerging market equity strategies

Our emerging market debt strategies

Want to know more? Get in touch.

If you have questions or would like more information about T. Rowe Price please contact us


Important Information
This marketing communication is for investment professionals only.

This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. 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.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.  

It is not intended for distribution to retail investors in any jurisdiction.