Investors Are Scouring Emerging Markets for Trump-Proof Bets

The benchmark index in Dubai rose to a record high in February as an influx of expatriates boosted demand. — The benchmark index in Dubai rose to a record high in February as an influx of expatriates boosted demand.
Photographer: Christopher Pike/Bloomberg

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By Srinivasan Sivabalan and Malavika Kaur Makol

March 2, 2025 at 2:26 PM UTC

Updated on

March 3, 2025 at 12:01 PM UTC

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From China’s artificial-intelligence successes to Dubai’s immigrant-led boom and rising prospects of debt restructuring in Venezuela and Lebanon, the winning emerging-market trades of 2025 all help investors withstand President Donald Trump’s trade agenda.

Such selective trades are protecting investors from the unpredictability of Trump’s second term because they aren’t reliant on exports to the US, interest-rate cuts or a weak dollar.