Royal London's Kevin Lilley is confident in the strength of the euro despite the ongoing troubles in some eurozone countries.
Some UK equity fund managers are taking risk off the table in the belief Britain is facing a double-dip recession, following lacklustre GDP figures released last week.
J.P. Morgan has raised £46.7m for its Brazil investment trust, the first UK closed-ended company focused on the Latin American country.
UK GDP grew by 0.2% in the first quarter of 2010, lagging the 0.4% growth rate widely expected.
Britain's gross domestic product is expected to have expanded 0.4% in the first quarter of 2010, according to a survey of City economists.