Recykal is an Indian cloud software company connecting the waste management ecosystem and is Asia’s largest circular economy marketplace for recyclables. The firm was founded in 2016 in Hyderabad, India and is expanding across Asia.
EM Leaders is humbly relying on proprietary research that is contributing to its investment parameters. We require a long-term perspective and understand long-term reversion to mean, unless stocks are propelled by idiosyncratic factors such as innovation. We review valuations of individual markets and currencies and observe that currently, EM equities (proxied by the Hong Kong CAPE, red) are one standard deviation cheap, whereas US equities (dark blue) and the US dollar (dots) are still one standard deviation expensive. We also build a macro model that relies on eight categories, including political risk, which is guiding our country allocations.