Currency exposure drives emerging market-focused portfolios to the top of IMA Global Bond Sector over one year
William Calvert and his Axa Framlington emerging markets team are joining Polar Capital in October.
Bryan Collings' Hexam Capital has taken over majority control of its joint venture boutique with Ignis.
AXA Framlington's head of emerging markets William Calvert is leaving the group with managers Ming Kemp and Neil Denman.
The manager of the £199m M&G Global Emerging Markets fund has taken an underweight stance to China in the view valuations are more attractive in other Asian countries.
Developed countries cannot rely on emerging markets to bring global growth back to pre-crunch levels, says PIMCO's Bill Gross.