Emerging market equities are looking more attractive than European stocks, according to Ewout van Schaick, head of Multi Asset. Much of the EM equity index consists of technology companies, which are either the beneficiaries of the coronavirus crisis or more resilient to it. “That makes emerging market equities a lot more attractive than those in Europe, where technology accounts for only 6% of the benchmark,” Van Schaick says in our latest podcast. Overall investor positioning in EM is relatively low and valuations are still at a 20% discount to the rest of the world.