Stewart Ivory capitalises on upturn in Asia region

Stewart Ivory's Global Emerging Markets fund is overweight Asia and is adding to positions in China, Malaysia, Taiwan, India and Thailand. The group is making the changes because it believes economic recovery is spreading throughout the region and the outlook for strong earnings growth will continue. The portfolio is also overweight in Emerging Europe and these positions are being taken at the expense of Latin America. Angus Tulloch, head of the Stewart Ivory global emerging markets team, said the influential Brazilian market faces a testing time. Tulloch said Asia's prospects were buoy...