Schroders focuses on emerging markets

Schroders is overweight IT and telecoms in its emerging markets unit trust with the positions focused on Asia and Eastern Europe. The group favours the Asian technology sector and Giles Neville, manager of the Schroder Global Emerging Markets fund, pointed out Taiwan manufactures around 91% of all computer scanners and 75% of computer casing. Schroders is also favouring telecom companies in emerging Europe, in anticipation of rapid revenue growth. Polish telecoms firm Elektrim has projected revenue growth of 42% in 2000 and is expected to benefit from the fast growth of its mobile phone ...