Episode 154 - Emerging Opportunities in Emerging Markets with Patrick Fisher
Jul 24, 2023
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Patrick Fisher, founder of Creation Investments, talks about investing in emerging markets around the world. He explores the impact of COVID, politics, and the rise and fall of countries. He discusses the role of business and investment in reducing poverty and increasing financial inclusion. He also highlights the power of private equity in impact investing and the success of a thriving financial institution in the US. The podcast acknowledges the impactful work of faith-driven investing and encourages listeners to stay connected with the Faith Driven Investor community.
Investing in emerging markets can alleviate poverty and increase access to financial services for those at the bottom of the economic pyramid.
Private equity investments in regulated and profitable financial institutions can provide capital and financial services for the poor, creating sustainable economic opportunities.
Deep dives
Investing in Emerging Markets with Patrick Fisher
Patrick Fisher, founder of Creation Investments, discusses the opportunities and challenges of investing in emerging markets. He emphasizes the importance of using business and investment to alleviate poverty and increase access to financial services for those at the bottom of the economic pyramid. Fisher believes that investing in emerging markets, such as India and Mexico, can have a significant impact on improving living conditions and economic opportunities for the poor. He highlights the role of private equity in driving positive change and the need for Christians to take more risks in the investment space.
The State of Emerging Markets
Fisher explains that the state of emerging markets is fragmented, with different countries experiencing diverse political and economic challenges. While markets like India are thriving and attracting significant capital, others like Turkey are struggling. Fisher also addresses the decline in China's economic influence, citing demographic changes and government control as factors impacting their future growth. He urges Christians and businesses to consider investing in emerging markets, where there is a high demand for financial services and potential for positive impact.
Financial Inclusion and Private Equity
Fisher highlights the power of private equity in driving financial inclusion. He explains that private equity investments in regulated and profitable financial institutions can provide access to capital and other financial services for the poor. Fisher shares examples from his firm, Creation Investments, which has invested in microfinance and affordable housing lending in India and Mexico. He emphasizes the importance of balancing business and philanthropy, recognizing that while charity has its place, business-driven investments can create sustainable economic opportunities and empower individuals to improve their lives.
Making a Difference in Chicago and Living Out Faith
Fisher reveals his commitment to making a difference in Chicago, his hometown. He emphasizes the importance of being involved in the community, reaching out to neighbors, and engaging in initiatives that address issues like poverty, education, and racial segregation. Fisher discusses the challenges of bringing lasting change to a city with deep-rooted problems but recognizes the impact that Christians can have as salt and light in these circumstances. He concludes by highlighting the need to remain faithful in the work and trust that God is at work in the bigger narrative.
What does it look like to invest in emerging markets around the world?
Today’s guest, Patrick Fisher has been working to provide profitable solutions to difficult social and environmental challenges since 2007. At that time, he left a successful career at JPMorgan to start Creation Investments, a global impact investing firm focused on developing economies.