BlackRock-Backed Cogence Picks India, Saudi as Trump Jolts Trade

A BlackRock Inc.-backed South African fund manager said India and Saudi Arabia are its medium-term picks because the two nations stand to benefit from the demographic dividend and “mega-forces” of digitization.

Cogence Pty Ltd., which is also backed by South African insurer Discovery Ltd., is looking to invest in select emerging markets over the next three to five years, said Kerri-Ann Sattary, executive and investment specialist at the asset manager. For now, the firm, which manages $1.2 billion of assets, is overweight on US equities driven by the push in artificial intelligence, she said.

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