As several emerging market economies are grappling with consequential elections, geopolitical uncertainty, and foreign exchange headwinds, UBS chief investment officer, Emerging Markets Americas Alejo Czerwonko joins Market Domination Overtime to discuss the evolution that has occurred in these markets.

Czerwonko emphasizes that emerging markets are "not your grandpa's emerging market" and have matured considerably. 30 years ago, Czerwonko says the emerging world was only 3% investment grade and now is over 50%. Back then, markets were also challenged by high levels of inflation, fiscal irresponsibility, and monetary policy dependence on executive power. Today, "all that has changed," Czerwonko argues.

There is particularly strong opportunity in fixed-income bonds, though they are not as strong as in the US. Latin American bonds are "ripe" with possibility, boasting "relatively high yields." Czerwonko also points to the many "very professionally run, healthy balance sheet companies" in the Asian tech sector.

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This article was written by Gabriel Roy