fund managers are cautious, favouring countries that are less hostile towards america
Fund managers are beginning to position their portfolios towards countries that will benefit from a US economic recovery. The latest research by offshore fund research specialists Forsyth Partners shows stronger weightings towards countries in the Asia Pacific region as opposed to Latin America, which some managers believe is more severely impacted by higher levels of risk aversion. Venkat Chidambaram, investment director and fund manager of the GAM Star Emerging Market ' US$ Class, said: 'We have a top-down view and favour countries less hostile to the US such as India, China and Sout...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes