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Podcast: CFA Society SF “AI, Junk Rallies, and Policy: Why Emerging Markets are Surging” (Season 6 Episode 7 with Pooja Malik)

March 31, 2026

Podcast: CFA Society SF “AI, Junk Rallies, and Policy: Why Emerging Markets are Surging” (Season 6 Episode 7 with Pooja Malik)

CFA Society San Francisco podcast “Emerging Markets w/ Pooja Malik, CFA – Founding Partner, Nipun Capital”

 

“Why is emerging market risk falling while US uncertainty rises? Pooja Malik, CFA, returns to “Financial Perspectives” to explore the massive shifts in global markets over the last 18 months and how a retail-driven AI frenzy is reshaping Asian equities.

The global investment landscape has shifted dramatically since 2024. In this episode, Pooja Malik, CFA – Founding Partner and CIO at Nipun Capital – returns to Financial Perspectives to discuss the surprising trends of 2025 and 2026 in Emerging Markets, including the “junk rally” in AI-linked stocks and the impact of US tariffs on local policy.

With over 20 years of experience managing $100B+ portfolios at firms like BlackRock, Pooja provides a masterclass on alpha extraction in modern Asian markets. In this follow-up to her 2024 appearance, Pooja discusses how the AI theme has moved beyond the “obvious winners” to impact the entire power supply chain. She also shares her quantitative perspective on why the volatility of Indian and Chinese equities is trending downward, creating a new paradigm for global allocators.

In this episode, we cover:
  • The AI Bubble in Asia: Why retail investors are buying anything remotely linked to power and data centers.
  • Risk Reversal: Why US debt and political uncertainty are shifting risk perceptions toward developed markets.
  • Sovereign Powerhouses: A look at the distinct economic visions of India, China, and Saudi Arabia.
  • The Benchmarking Gap: Why EM drives 60% of global GDP but only 10% of equity benchmarks.”

Listen to the full episode HERE

About CFA San Francisco Society: “This podcast is produced by CFA Society San Francisco, a not-for-profit professional association, providing professional learning and career resources to over 13,000 investment industry professionals worldwide. To learn more about CFA Society San Francisco, visit our website or connect with us on LinkedIn.
The information contained in this podcast does not constitute financial or investment advice. Please consult your own financial advisor for information concerning your specific situation.“

Founded in 2011, Nipun Capital, L.P. is a boutique asset management firm focused on Emerging Markets and Asian equities.
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