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In this episode of Trust Issues, we speak to Hiren Dasani, portfolio manager for Ashoka WhiteOak Emerging Markets Trust (AWEM), to talk about the outlook for emerging markets, after a strong 2025, what AWEM’s portfolio looks like today and how AWEM chooses companies in which to invest. 00:00 Introduction 01:14 Why emerging markets had such good performance in 2025 03:37 How AWEM distinguishes true quality companies from quality traps 06:31 Why AWEM prefers investing in non-state-owned enterprises 10:20 AWEM's overweight to developed market stocks that derive revenue from emerging countries 14:01 How AWEM invests in China and the outlook for Chinese stock markets 17:12 AWEM's advantage when investing in India and the outlook for Indian companies 21:17 How AWEM is finding opportunities in Poland 22:57 The outlook for AWEM's high-quality portfolio 25:37 AWEM's unique fee structure and aligning the interest of shareholders and management 27:32 What does the long-term horizon look like for emerging markets - has performance turned the corner? 32:21 Further information 32:40 Risk warning Our latest note on AWEM - https://www.trustintelligence.co.uk/investor/articles?fund_id=1874 AWEM website - https://www.awemtrust.com/ Please note that this podcast was recorded on 12 January 2026.
