3 Top-Performing U.S.-Traded Emerging Market Stocks in 2024

Core Insights - Emerging market stocks present opportunities for investors due to their inefficiencies compared to developed markets, allowing for potential mispricing and undervalued companies [1][2] Group 1: Emerging Market Overview - Investing in emerging markets is challenging due to cultural differences, financial reporting standards, and geopolitical uncertainties [2] - Understanding global trends can aid investors in identifying businesses that meet demand in emerging markets [2] Group 2: Company Highlights - Nu (NYSE: NU): A Brazilian fintech company that has provided over 60% return in 2024, operating entirely online with services including banking, credit cards, and investments [3][4] - Nu's customer base grew from 3 million in 2017 to 110 million by Q3 2024, with revenue growth exceeding 100% in 2022 and 2023, though it has decelerated to 56% in Q3 2024 [4][5] - Qufi Technology (NASDAQ: QFIN): A Chinese consumer finance firm that has seen a total return of 135% in 2024, with a 3.3% dividend yield [6][8] - Qufi's revenue growth has slowed to 2% in Q3 2024, but adjusted net income increased by 55% year-over-year [8][9] - Credicorp (NYSE: BAP): A diversified financial services firm in Peru, providing a total return of 42% in 2024, with a significant dividend yield of 17% [10][11] - Credicorp's net income grew over 21% in Q3 2024, with potential for growth in digital finance as cash transactions remain prevalent in Peru [11][12]