“It’s a top-down approach rather than a bottom up, which means that they don’t typically look at specific companies and then invest that way. They look at what’s happening in the region. They look at the overall fiscal discipline and political stability. They then evaluate what market accessibility, or corporate governance would like what, what the earnings prospects are,” she explained, adding managers would then also consider structural themes such as digitalization, AI adoption, supply chain reshoring, demographics and energy transition.