Calvert sees major value in Brazil

Axa Framlington manager William Calvert also playing Middle East on emerging vehicle

Axa Framlington's William Calvert is finding major value in Brazil and niche areas such as a growing desire for education for his emerging markets vehicle. Calvert heads up the group's £158m Emerging Markets fund, which has outperformed its peers, returning 34.3% over 12 months to 28 January against a sector average of 22%. "The best value is in Brazil in small- and mid-cap stocks where there are extraordinary opportunities," he said. The manager added there are four promising sectors in Brazil, including healthcare, education, property and agriculture. "Agriculture is the hottest s...