Phil Langham, Head of Emerging Markets Equities, and Alissa Howard, Institutional Portfolio Manager, explore how current macroeconomic and geopolitical dynamics – including U.S. tariff threats, a strong U.S. dollar, and the evolving U.S.-China relationship – are impacting emerging markets. Topics covered: The impact and future implications of U.S. tariff policies Dollar cycles and their historical influence on emerging markets Shifts in global equity performance and valuation gaps Sector and regional-specific outlooks, including China, India, Latin America, and Africa Sector preferences, particularly a pivot toward domestic-facing companies and financials