From October 20 to 22 along the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once again. Nobel laureates and Turing Award winners will take the stage to discuss the future and trends of technology, and the popular professors who "rescue" people from anxiety and the era of involution—Macfarlane and Xiang Biao—will hold a live dialogue!

Spots are limited, so act fast. Let us journey together toward a sustainable future! [Click to register] Ian Staley, Global Chief Investment Officer for International Fixed Income at JPMorgan Asset Management, said investors are underallocated to emerging markets, and that emerging market valuations are attractive, especially compared with some developed markets.

Speaking at a panel discussion on Wednesday at a fixed income leaders summit held in Antibes, he said: "I think people are not positioned enough in emerging markets, and our equity team shares the same view." Staley said JPMorgan Asset Management's analysis of fund flows into emerging market local currency assets shows that although the relevant allocations have recovered slightly, they remain below pre-pandemic levels.

He added that emerging markets' "fundamental situation is indeed improving," and that the fixed income segment's "valuations are not as elevated as those in some developed markets"; "across our various portfolios, emerging markets are one of our most favored allocation directions."

Staley pointed out that improving growth prospects in emerging markets, relatively well-controlled inflation, and debt levels superior to those of some developed markets all support sovereign rating upgrades. He also said that for investors cautious about developed market government debt, emerging market sovereign assets can provide quite attractive diversification opportunities.