Aubrey Capital Management and LarrainVial Bring Global Investment Experts Together to Explore the Future of Emerging Markets

Aubrey Capital Management (“Aubrey”) and LarrainVial hosted a high-level investment seminar at the Carpenter’s Hall in London, bringing together over 100 investment professionals, economists, asset managers and wealth managers to examine how shifting geopolitical dynamics and long-term structural trends are reshaping the investment opportunity in Emerging Markets.

The event, “Navigating Emerging Markets: The Next Growth Cycle”, provided investors with a fresh perspective on Emerging Markets, exploring both the well-known drivers of growth and the less widely discussed trends shaping the investment landscape. It featured presentations from Nicholas Hopton, Director General of the Middle East Association and former UK Ambassador to Iran, Libya, Qatar and Yemen; Andrew Dalrymple, Founder and Investment Manager at Aubrey Capital Management; Jose Manuel Silva, Chief Investment Officer at LarrainVial Asset Management; and Hlelo (Lo) Giyose, Chief Investment Officer at First Avenue Investment Management. The speakers were joined in discussion by Merryn Somerset Webb, Editor-at-Large for UK Wealth at Bloomberg, who moderated the panel discussion and audience Q&A. The event was Chaired by Natalie Kenway, financial journalist.

Jose Manuel Silva opened the event with a presentation examining the investment opportunity in Latin America, highlighting attractive valuations, improving political and economic conditions, structural reforms and the region’s growing importance as a supplier of critical commodities, energy and agricultural products.

Andrew Dalrymple focused on the long-term growth potential of Emerging Markets, highlighting that favourable demographics, urbanisation and rising affluence continue to drive structural growth across developing economies. He also referred to the increasing concentration of Emerging Markets indices around AI-related technology companies.

Hlelo (Lo) Giyose explored the “Flying Geese” theory of economic development, highlighting how successful companies in Emerging Markets often follow a similar path: establishing leadership positions in their domestic markets before expanding internationally and becoming globally competitive businesses. Drawing on examples from Asia, Africa and Latin America, he argued that identifying these future champions remains one of the most compelling opportunities available to long-term investors.

Nicholas Hopton concluded the formal presentations with a keynote address examining the return of Great Power politics, the emergence of a more multipolar world and the accelerating geopolitical realignment reshaping international relations. He explored the implications of these developments for global financial markets and Emerging Markets investors, highlighting the growing importance of understanding geopolitical risk alongside traditional economic and investment factors.