Managers of the recently-launched JO Hambro Capital Management (JOHCM) Emerging Markets fund remain convinced there are opportunities in consumer-facing EM sectors despite fears of a bubble.
Referring to fears that the consumer sectors in emerging markets are gaining such momentum that share prices could correct, co-managers Emery Brewer and Ivo Kovachev say they will continue to invest in the consumer theme until another sector or story appears more attractive. However, they accept some investors fear momentume in EM consumer sectors is so strong share prices could correct. Brewer explained “Our style is to always be flexible, listen to what the market is telling us and use various tools to look for new ideas. In the past we have been able to rotate out of sectors and c...
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