Tassos Stassopoulos, founder of Trinetra Investment Management, has spent over two decades focusing on a different opportunity, the emerging market consumer. Trinetra’s approach has always eschewed the tech-heavy markets of North Asia in favour of economies where domestic consumption drives growth: Indonesia, China, Brazil, Peru, and Chile. 

The big driver of the emerging market indices recently has been Korean memory chips and Taiwanese semiconductor foundries. These are undoubtedly impressive businesses, but they present a problem: they move in lockstep with U.S. technology giants. For those seeking genuine diversification, looking elsewhere in the emerging world may provide better portfolio diversification.

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