The Big Rotation: Why Geopolitics, AI, and Commodities favour EM equities now
Join Gustavo Medeiros, Global Head of Research, and Dhiren Shah, Head of Emerging Markets Equity Strategy, for a discussion on how today’s geopolitical landscape, advances in AI, and developments in commodities are shaping EM equity allocation.
Tuesday, 24th February 2026
11:00am EST | 4:00pm GMT | 5:00pm CET
The session will explore implications across countries, sectors, and individual stocks.
Key discussion topics:
• The impact of the current geopolitical environment on EM equities
• How AI trends are influencing growth prospects and investment opportunities in EM
• Country-level winners and losers in the current macro backdrop
• Sector leadership and thematic opportunities
• Examples of our EM stock picks and investment rationale
The content is provided for informational purposes only and should not be used as the basis for any decision to purchase or redeem investments in any Ashmore fund. Not to be shown or distributed to the public. Investors should consider certain risk factors specific to investing in Emerging Markets (EM), before taking any investment decision. EM Carry risks as well as rewards. Capital at risk.
Speaker biographies
Gustavo Medeiros
Gustavo is responsible for following macroeconomic and political developments across developed economies and emerging markets. He is responsible for providing a review and forward-looking views of macro top-down developments on a weekly basis to the Investment Committee and, where required, works with the investment teams to translate these views in actionable investment ideas.
Before joining Ashmore, Gustavo worked for ten years at HSBC in São Paulo and London, where he traded Latin American local rates and currencies. After joining Ashmore in 2011, Gustavo worked for six years with the local currency team covering Latin America before joining the sovereign external debt team as portfolio manager responsible for Eastern European and African markets.
Gustavo was appointed to Deputy Head of Research in October 2019 and became Head of Research in October 2021. He holds a degree in Business Administration from Fundação Armando Alvares Penteado in São Paulo and is a CFA charterholder.
Dhiren Shah
Dhiren joined Ashmore in 2017. Dhiren joined Merrill Lynch Investment Managers (now BlackRock) in 2001. Throughout his career, he has been involved in the management of a range of Emerging Markets Equity products for both retail and institutional clients. In recent roles, Dhiren also had the responsibility as co-head and head of research for the Global Emerging Markets team. Dhiren is a CFA charter holder and gained a 1st in Economics from University College London.