Aperture New World Opportunities - Q3 2022 Commentary
CIO Emerging Markets and Portfolio Manager
Peter Marber is the Portfolio Manager of the Aperture New World Opportunities strategy. For over 30 years, Peter has professionally invested billions of dollars for many of the world’s largest companies at firms including Loomis, Sayles & Company, HSBC, and Wasserstein & Co. Peter is based in Aperture’s New York office. Peter earned his B.A. at Johns Hopkins, his M.I.A. from Columbia, and his Ph.D from The University of Cambridge.
Aperture New World Opportunities: Commentary for Q3 2022
Déjà Vu, All Over Again
At the risk of sounding like a broken record, global financial markets – both in advanced and emerging economies – continued to melt down further in 3Q, which is the story of 2022. As we noted in prior reviews, EM assets are a derivative of the global economy. Valuations are driven by relative strength in US dollar, China’s domestic economy, and global trade. All three have been negative headwinds for EM assets in 2022, which continued this summer.