RBC sur les actions des marchés émergents pour 2026

Jan 19, 2026

Nous sommes heureux de présenter nos Perspectives RBC sur les actions des marchés émergents pour 2026

2025 a été une année unique pour les marchés mondiaux, marquée par un revirement de leadership au détriment des États-Unis et au profit des marchés internationaux des actions et des devises. Les actions des ME, en particulier, se sont bien comportées, et dans le rapport de cette année, notre équipe Actions des ME explore le potentiel de cette tendance.

Voici les principaux thèmes abordés cette année :

  • Macroéconomie, géopolitique, valorisations, bénéfices, styles, secteurs et thématiques : nous avons constaté que, du point de vue des facteurs « top-down », il était judicieux de se concentrer sur les extrêmes. Ces derniers peuvent en effet souvent être un indicateur précieux des performances futures et nous aider à atténuer les risques cycliques.
  • Développements de nos cinq thématiques de portefeuille : ces domaines contribuent à positionner notre portefeuille dans des domaines de croissance structurelle à long terme, ce qui nous semble particulièrement important dans un contexte d’incertitude géopolitique et commerciale accrue. Chose cruciale, nos recherches détaillées nous aident à identifier comment mettre en œuvre chaque thématique dans nos investissements. Nous rendons ainsi compte des changements apportés en 2025.
  • Gros plan marchés clés de notre classe d’actifs, notamment la Chine, l’Inde, l’Asie du Sud-Est et l’Amérique latine, où nous identifions des opportunités diverses :
    • Nous continuons de considérer l’Inde comme l’un des développements les plus convaincants à long terme parmi les ME. Le pays offre des perspectives de croissance majeures en raison de sa démographie favorable et de ses faibles taux d’urbanisation et de pénétration dans de nombreuses régions, tandis que, d’un point de vue « bottom-up », la qualité des entreprises du pays sort du lot.
    • Nous identifions également des opportunités intéressantes dans d’autres économies d’Asie et du Moyen-Orient, portées par l’accélération des réformes publiques et l’amélioration des rendements pour les actionnaires. Parallèlement, après une période au contexte politique difficile, les perspectives pour l’Amérique latine s’améliorent avec des élections à venir, des taux réels élevés, une sensibilité positive à la faiblesse du dollar américain et des valorisations attractives du côté des actions.
  • Secteurs et styles où nous identifions des opportunités et des extrêmes : nous considérons notamment comme attractifs les actions et les secteurs de qualité.

Pour obtenir notre rapport complet, merci de contacter marketing@bluebay.com.

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Abonnez-vous dès à présent pour recevoir directement dans votre boîte mail les dernières perspectives de nos experts sur l’économie et l’investissement.