Jacqueline Broers, deputy portfolio manager at Utilico emerging markets Trust (UEM), describes the Megatrend of Global Trade across Emerging Markets ("EM").
In this report, investors will hear about the macro challenges for Global Trade experienced in 2023 and how global supply disruptions have been dealt with across EM post the destocking phase following Covid-19 and higher inflation and interest rates leading to slowing global demand for goods.
In particular, the report highlights two underlying themes for FY24:
- The continuing shift in global trade towards EM
- Further diversification of supply chains including geopolitical and climate factors
The report concludes the current transport sector (port and logistic) holdings are well positioned to capitalise on the Global Trade Megatrend.
