Emerging markets across Europe are reaping the benefits of recent stimulus injections and low personal debt to stay strong in the face of recessionary pressures, the Baring Emerging Europe trust says.
Markets are more than 90% higher than the low levels seen in March this year, which almost re-tested the lows of October 2008.
Bryan Collings increased exposure to Russia, Brazil and Indonesia in Hexam Global Emerging Markets during August, while retaining an overweight to China.
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Swip has launched three emerging markets funds, focussing on infrastructure, smaller companies and Latin America respectively.
Baring Asset Management has appointed Kommera Chakradhar Reddy as head of India equities, with a view to launching further funds in the region.
Emerging market debt held up well relative to other asset classes in 2008, and in 2009 has performed strongly as global financial markets have rallied.
Since March this year the Asia Pacific markets have rallied strongly, as investors anticipated that loose monetary policy and government stimulus packages would be enough to trigger a recovery.