23rd July 2026

Climbing the value chain: why emerging market stocks are not what they used to be

The developing world's progress along the global value chain could strengthen the case for emerging market stocks.

For decades, investors evaluated emerging economies according to what they extracted or assembled, rather than how much value they added to what they produced. That distinction was the dividing line between developing and developed markets.

It makes less sense today.

Emerging countries’ progress along the global value chain is obvious on two fronts. To begin with, commodity producers such as Chile, Brazil and Indonesia are capturing more industrial value from their natural resources by expanding into processing and manufacturing.

Investments

Registration

Free Registration and CPD

Last chance to join: PruFund Power Hour

There's still time to register for Tuesday 25 August (15:00–16:00). Join M&G's experts for 60 minutes on what today's markets mean for your clients – covering concentration risk, retirement suitability, behavioural finance and the latest PruFund performance and EGRs. Includes 60 minutes of unstructured CPD.

How resilient is your Centralised Investment Proposition (CIP)?

Produced in partnership with Verve, this whitepaper sets out five practical prompts to help advisers review portfolio resilience, challenge assumptions and assess whether their current investment approach is prepared for an increasingly uncertain market environment.

Still time to register: Pensions and IHT

With under 8 months until most pensions fall into the IHT net, join M&G's Les Cameron on 20 August for a clear update on who'll face a liability, how it's paid, and case studies on reducing it – covering DGTs and loan trusts. Up to 90 minutes of CII CPD.

You need to be logged in to comment on this article

About Us

Read

Learn

Attend

Connect

My Panacea

Press Centre