Thomson vetoes India, China and Russia exchange trades

A lack of timely and equitable release of corporate information in emerging markets has prompted James Thomson to veto trades on exchanges in India, China and Russia.

The manager of the £78m Rathbone Global Opportunities fund feels rivals based in the emerging markets have an edge in trading on the exchanges.  This comes as inflows into emerging market equity funds hit a six month high last week. “In developed North American and European markets it is a pretty level playing field, we all access the same information at the same time whereas in emerging markets I am at an informational disadvantage,” Thomson says. Nevertheless, over one year he made 49.4% last year versus the IMA Global Growth sector’s 40.6%. Rathbone’s fund is exposed to the emer...