ON EMERGING MARKETS
Brazil has raised interest rates sharply, following China, India and host of countries across the emerging world in acting to curb inflation and counter the flood of dollar liquidity from the US.
Jose Cuervo of HSBC Global Asset Management runs the $3bn (£1.9bn) HSBC GIF Brazil Equity fund, a Luxembourg-based Sicav registered in the UK.
BlackRock's Daniel Tubbs has increased the £200m Emerging Market fund's exposure to coal companies in the past three months on the view demand for this will soar this winter.