Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Dr. Manishi Raychaudhuri, with nearly three decades of experience in Asian Equities in the roles of APAC Head of Equity Research, Asian Equity Strategist and Analyst across various sectors, brings a unique cross border and cross-industry perspective to the process of investment strategy and asset allocation. He worked in senior leadership roles at BNP Paribas and UBS across Mumbai and Hong Kong. Prior to UBS, he was with ICICI Securities, then a JV with JP Morgan.

Manishi marries top-down macro-economic outlook with bottom-up sector themes to create unique alpha generative portfolios for clients. Manishi's Asia ex Japan equity model portfolio consistently generated significantly higher returns than the benchmark MSCI index over a decade. In addition to the macro strategy product, Manishi regularly publishes on key thematic ideas, creating custom baskets for investors.

A frequent participant in discussions in the print and electronic media, Manishi has been frequently interviewed by Bloomberg TV, CNBC, CNBC Arabia, Asharq Bloomberg, CNBC TV18, ET Now, NDTV Profit and several other channels. He has been widely quoted in Financial Times, Thomson Reuters, Wall Street Journal, South China Morning Post, Barron's, Forbes India, The Economic Times, Business Standard and other leading publications.

Chief Executive Officer

Asian Equities: The Asian Large Cap Focus List - 73 Stocks with Growth, Value, Quality Balance Sheet

Asian Equities: Small Caps with Strong Growth, Reasonable Valuations, and Strong Balance Sheets

Asian Equities: Another Month of Huge Foreign Selling; Taiwan and Thailand the Only Exceptions

Asian Equities: Launching Our Asia Ex Japan Model Portfolio

Anthropic's Valuation Surges to $800 Billlion or More - Positive Impact on SK Telecom

Asia Equities: Model Portfolio Changes - More to Chinese EV Supply Chain, Less to AI Losers

Northbound Flows (1Q2026): CATL, CATL, ZHONGJI INNOLIGHT, ZHONGJI INNOLIGHT

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Equity Bottom-Up

<ul>
<li>Our Model Portfolio, launched May 15, 2025, has appreciated 42.6% over the past year, in line with MXASJ's 43.7%. Korean tech, Korean industrials and Taiwanese tech were the largest contributors.</li>
<li>Worries about monetization of LLM's and hyperscalers' AI capex is likely to sustain for now. The providers of compute, memory and energy infrastructure seem safe bets for now.</li>
<li>We reduce Alibaba and Tencent and increase weight on Samsung Electronics and TSMC. We include SK Telecom as an indirect play on Anthropic and bank on the stock's cheap valuation.</li>
</ul>


Our Model Portfolio, launched May 15, 2025, has appreciated 42.6% over the past year, in line with MXASJ's 43.7%. Korean tech, Korean industrials and Taiwanese tech were the largest contributors.
Worries about monetization of LLM's and hyperscalers' AI capex is likely to sustain for now. The providers of compute, memory and energy infrastructure seem safe bets for now.
We reduce Alibaba and Tencent and increase weight on Samsung Electronics and TSMC. We include SK Telecom as an indirect play on Anthropic and bank on the stock's cheap valuation.


Hyundai Engineering & Construction (000720 KS)

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

TSMC (Taiwan Semiconductor Manufacturing)

Asian Equities: Model Portfolio Completes a Year; More to AI Picks and Shovels, Selectively to LLMs

SK Hynix

Asian Equities: Model Portfolio Completes a Year; More to AI Picks and Shovels, Selectively to LLMs