Can broadening growth redefine emerging markets?

Jorry Nøddekær, Lead Manager of the Polar Capital Emerging Market Stars Fund, believes improving liquidity, softening dollar strength and broadening earnings growth are laying the groundwork for another strong year in emerging markets. With structural drivers now expanding beyond North Asia and valuations still supportive, he sees growing potential in technology, industrials, property and increasingly, the long-overlooked consumer. Against this backdrop he explains why he believes 2026 could mark the start of a new phase for emerging market equities.