Brazil is emerging as a compelling opportunity for investors seeking diversification away from US equities, supported by monetary easing, potential political change, and attractive valuations. With macro, political, and valuation catalysts aligning, the country is well placed to deliver meaningful upside for investors.

Emerging markets are home to dynamic, fast-growing industries such as artificial intelligence, fintech, and medical technology, offering investors far more than traditional old-world sectors. With internet champions, rising middle classes, and structural megatrends driving long-term growth, the opportunity set in EM is both diverse and compelling.

The prospect of US monetary easing and a weaker USD could mark an inflection point for emerging market equities, with liquidity set to rotate out of the US and into these markets. After a decade of headwinds, high-quality companies in China, Vietnam, Indonesia, and Brazil now appear increasingly attractive and well positioned to benefit from the next cycle of USD weakness.

While tariffs from the US are consistently making headlines, their effect on the emerging economies can often be overlooked by investors. Speaking with Joseph Lai, principal and chief investment officer at Ox Capital, he explains thoroughly how investors can capitalise from opportunities presenting around the theme.

Vietnam is rapidly emerging as one of Asia’s most dynamic growth markets, driven by sweeping reforms, record infrastructure investment and a digitally empowered population. On the ground, momentum is building across sectors from expressways and metros to e-commerce and private enterprise, signalling a structural shift in the country’s economic trajectory.

Joseph Lai discusses the implications of a declining US dollar. He notes the currency’s pressure despite expectations of tariffs and economic rejuvenation strengthening it. The key drivers for its continued weakness include US debt concerns, slowing economic activity, and potential rate cuts.

Are emerging markets coming out of their adolescence? After years in the shadows of developed markets, emerging markets are beginning to outperform. Dr Joseph Lai believes the shift isn’t just a phase. 

In this episode, Dr. Joseph Lai from Ox Capital joins Claudia Ramsey to discuss emerging market strategies for 2025. From the impact of geopolitical tensions and trade shifts to the rapid adoption of AI and the growth potential in markets like China, India, and Vietnam, this episode uncovers strategies for identifying tomorrow’s market leaders.

Joseph Lai recently joined Ausbiz to discuss how China is adapting swiftly to trade pressures while advancing its technology leadership, particularly in electric vehicles. He highlighted the significant role of companies like BYD, Xiaomi and Tencent in China’s evolving tech landscape and noted renewed global interest in the Hong Kong market.

China’s economy is undergoing a major shift from construction-led growth to one powered by innovation, advanced manufacturing, and private sector dynamism. Companies like BYD and Xiaomi are not only thriving in China’s competitive market but also reshaping global industries through innovation and scale.