Aviva Investors GEM Equity Unconstrained fund increases exposure to north Asia

Shift reflects 'change in geographical composition of EMs'

clock • 2 min read

The £18.3m Aviva Investors Global Emerging Markets Equity Unconstrained fund has shifted exposure towards North Asia and away from Latin America, which had been a drag on performance in the early part of the coronavirus crisis.

Alistair Way, head of emerging market equities at Aviva Investors, said the shift reflected a wider change in the geographical composition of emerging markets over the years, as Latin America and EMEA have "become more of the periphery than the core of emerging markets". The fund, which was launched at the end of July 2019, had a 2% overweight to Brazil going into the coronavirus crisis earlier this year, which was "harmful" to performance. The push for management openness: Why activists are targeting Japan "Performance in the first leg of coronavirus was quite disappointing in ter...

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