Sarah Ketterer
speaker
355 appearances
1 recordings
1 series
first heard Jul 2026
last heard 6 Jul
Sarah Ketterer’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
We were underweight and very underweight, and that was extremely helpful.
Sometimes emerging markets go to zero, and that one did.
That's why they're emerging.
They have much higher levels of risk because they're growth markets.
And interestingly, they're not all demographically in that growth phase.
China, it's been the largest of the emerging markets, and now it's number three behind South Korea and Taiwan, which is also fascinating.
But it's within China that... All three of them have shrinking populations.
They do, but at least South Korea and Taiwan have...
semiconductor giants in memory.
And Taiwan has TSMC in chip production.
And there are no substitutes at present.
There won't be for a couple of years.
No matter how many fabs are built or semiconductor facilities, it's going to take some time for supply to catch up with the demand.
Demand may sag and there may be technological reasons why we don't, you know, memories and
as hotly in demand as it is now.
But that's very clear and I can see those markets are highly, highly concentrated and those big three stocks are very large in the benchmark.
It's beginning to look a little bit more like the US, oddly, than anywhere else.
What's interesting in emerging markets, I think in China, there are all kinds of companies that have been left behind.
We were talking about US hyperscalers.
You could have the Chinese version, effectively the operating system of China through WeChat or Weixin, which is Tencent.
Showing 161–180 of 355 · page 9 of 18
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