Mark Harris, head of multi-asset at City Financial, is eyeing entry points to buy back into emerging markets, particularly Brazilian debt and Indian equities.
Harris (pictured), who runs four funds for the group, thinks it is currently too early to raise his emerging market position, but he is waiting for signs the market is bottoming out, which will present fresh opportunities. Is now the time to venture back into EMs? Currently, his only holding in emerging markets is a small position in Tom Naughton's soft-closed $873m Prusik Asian Equity Income fund. "We are monitoring emerging markets as they are hated at the moment, and we are particularly looking at emerging market debt in Brazil and going back into India," he said. Click ima...
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