Are the ‘Fab Four’ unstoppable?

The largest four stocks in the MSCI Emerging Markets Index - Taiwan Semiconductor Manufacturing (TSMC), Tencent, Samsung Electronics and Alibaba - have increased their combined weight from 8-10% in the 2000s to 15-20% of the index in the 2020s and have been responsible for a significant proportion of its total return. But being big is not as good as getting big, and the biggest is not always the best. Read the latest from Redwheel’s Emerging & Frontier Markets Team, on why being a member of the ‘Fab Four’ is no guarantee of being a hit.