Stephen Baines, co-manager of the recently launched Kames Short Dated High Yield Global Bond fund, said one of the reasons he is avoiding emerging market debt (EMD) is credit ratings agencies struggle to capture qualitative risks such as political and legal issues.
Speaking to Investment Week after the launch of the fund, Baines said when companies in emerging markets default, it is not always guaranteed one could get investments back when taking the firm to court....
Tavistock plans fundraising
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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