Graña: EM Investors Must Align Capital With National Policy Priorities
Daniel Graña · Daniel Graña – Janus Henderson Investors Emerging Markets Equity (Manager Meetings, EP.13) · Sep 30, 2021 · at 13:35
Daniel Graña, portfolio manager at Janus Henderson Investors, discusses his top-down framework for emerging market investing with Ted Seides.
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“What does it mean to be politically correct is to invest alongside national policy goals. And certainly while China is an extreme example that you always, you generally want to be investing in companies and industries that are being politically correct, that you generally need to appreciate that as countries develop, that certain industries will have their day in the sun. And certainly some industries will have support from the government. And some industries will be faced with regulatory thunderbolts from the blue.”
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