Emerging markets investing: Four decades of wisdom

#CapGroupGlobal

Capital Group’s Mike Gitlin interviews pioneering emerging markets investor Victor Kohn as he retires after four decades in the business. Kohn, who helped manage the world's first emerging markets equity fund launched in 1986, discusses how the global investment landscape has changed, his early days as an analyst covering South America, and why he continues to hold a positive outlook on China — the world’s largest emerging market economy.

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00:00 Introduction
01:35 Background and parents' influence on you
02:46 Talk about becoming a U.S. citizen
04:49 Tell us about starting as an equity analyst covering South America
05:49 What were research trips like in the "ABCs" during the '80s?
07:04 Does the term emerging markets matter today, or is it more about the companies?
08:16 Do you have a soft spot in your investment portfolio for certain countries?
09:22 Will there still be long-term opportunities in China?
10:33 What's changed in how you do your job today vs the '80s and '90s?
12:35 Office treasure hunt
14:12 Do you have a concentrated or diversified portfolio?
15:15 Is currency a big consideration in how you invest?
16:12 Tell us about some lessons learned
18:00 What's your investment edge, and how has it changed?
19:13 What advice do you give early career analysts?
20:35 How do you guide early career analysts who make a mistake?
22:53 Quick hits from 39 years at Capital Group
26:06 Talk about the changes and opportunities in India
27:40 Who was your best mentor?
29:25 Favorite Capital Group memory?
30:27 Obsessively grateful moment

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