Fidelity Emerging Markets Fund portfolio manager Sam Polyak shares his outlook on opportunities in emerging markets and what to expect in 2021. Sam believes EM is still in the early stages. 2020 created a great landscape for EM. He looks at this like the times during WW2 and D-day. Many people are worried about the pandemic, but he says we must get through it and focus on the light at the end of the tunnel. There is a lot of demand in the world right now. He sees opportunity in 5G. People feel much more comfortable working from home and using technology. Sam is investing in banks as they are trading below intrinsic value. He also says India is a country to watch out for. He says India will come out of this pandemic with alot of growth. Still in the early stages, but keep an eye out for this country as reforms will come into play on taxation and removing black market transactions.
Recorded on December 17, 2020.