Philippe Langham, Managing Director and Senior Portfolio Manager, Head Of Emerging Market Equities, RBC Global Asset Management (UK) Limited, and Dijana Jelic, Senior Portfolio Manager, RBC Emerging Markets Equity, RBC Global Asset Management (UK) Limited, discuss the RBC Emerging Market Equity team's outlook on emerging markets and why they believe these economies are entering a new era of self-sustaining growth. Key takeaways: A shifting centre of gravity: the world is under transformation, driven by a confluence of factors including geopolitics, expanding domestic demand, demographics, growing inter-EM trade, financialisation, and technological innovation. Greater economic influence: more than 80% of the global population resides in the developing world, and this demographic weight is steadily translating into economic influence. Emerging market (EM) economies expected to generate roughly 65% of global economic growth by 2035. An under-owned opportunity: despite a compelling outlook and their significance in the global economy, EMs remain underrepresented and undervalued. EM countries still represent only 10-12% in global equity benchmarks, while EM equities continue to trade at a historically wide discount to developed markets (DM).