Updated
Updated · WealthBriefingAsia · Jul 13
Investment Managers Back Emerging Markets in 2026 as Europe, Bonds and Infrastructure Gain Favor
Updated
Updated · WealthBriefingAsia · Jul 13

Investment Managers Back Emerging Markets in 2026 as Europe, Bonds and Infrastructure Gain Favor

3 articles · Updated · WealthBriefingAsia · Jul 13

Summary

  • St James's Place, Aberdeen, UBP and Franklin Templeton all kept a constructive 2026 view on emerging markets, arguing valuations, diversification and AI-linked capital spending still support the asset class.
  • AI and semiconductor demand underpin much of that optimism, especially in emerging Asia, even as the Middle East conflict and a recent energy shock test oil-importing markets and widen performance gaps across regions.
  • Europe also drew support: St James's Place favored UK, Europe ex-UK and Japan over expensive US equities, while UBP said easing energy costs are improving the case for the region.
  • In fixed income, St James's Place is trimming credit and leaning toward sovereign and inflation-linked bonds, while Franklin Templeton prefers US high-yield, select Latin American debt and municipal bonds.
  • Aberdeen stayed positive on infrastructure and cautious on private credit, saying digitalisation, decarbonisation and defence spending are creating a durable pipeline even as late-cycle stress emerges in direct lending.

Insights

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