Schroders MM head Brookes plans move into EMs in Q1

Positioning for rotation into value

Anna Fedorova
clock • 3 min read

Marcus Brookes, head of multi-manager at Schroders, is waiting for next year to begin investing in emerging market equities, while he has been selling down European equity exposure on concerns over political headwinds in the region.

The manager (pictured), who has been overweight Europe for some time, has started reducing his exposure on fears the political backdrop in the eurozone could eventually lead to the breakup of the euro.  With Italian Prime Minister Matteo Renzi planning to resign after suffering a heavy defeat in the referendum on constitutional reform on 4 December, and elections coming up in France, Germany, and the Netherlands, the populist movement in Europe is gathering pace.  Instead, Brookes is looking to move into emerging market equities in the coming year, as he believes the current e...

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