10 Best Emerging Markets Stocks to Buy According to Hedge Funds

8. ICICI Bank Limited (NYSE:IBN)

Number of Hedge Fund Holders: 32

​​ICICI Bank Limited (NYSE:IBN) is a leading private sector bank in India, headquartered in Mumbai. The bank offers a comprehensive range of financial products and services, including retail and corporate banking, investment banking, insurance, and asset management. With a network of over 5,000 branches and 15,000 ATMs across India, IBN serves a vast customer base. The bank has expanded internationally, establishing subsidiaries in the UK and Canada and branches in countries such as the US, Singapore, and Hong Kong. The bank’s primary operations and revenue streams are deeply rooted in the Indian market, providing significant exposure to the emerging market sector.

ICICI Bank Limited (NYSE:IBN) demonstrated strong financial performance with profit before tax excluding treasury growing by 12.8% YoY. The bank’s core operating profit increased by 13.1% YoY to 165.16 billion Rupees, while profit after tax grew by 14.8% YoY to 117.92 billion Rupees. Total deposits showed a healthy growth of 14.1% YoY, with the domestic loan portfolio expanding by 15.1% YoY. The bank maintained strong asset quality with a net NPA ratio of 0.42% and held substantial contingency provisions of 131.00 billion Rupees, representing about 1.0% of total loans.

The capital position of ICICI Bank Limited (NYSE:IBN) remained robust with a CET-1 ratio of 15.93% and a total capital adequacy ratio of 16.60%. The bank continues to focus on risk-calibrated profitable growth through its 360-degree customer-centric approach while maintaining high standards of governance and enhancing delivery capabilities. IBN is on our list of the best emerging markets stocks because it delivers attractive growth across several emerging countries and even managed to outperform the world stock market index in the last 5 years.