Eerdmans positions for further gains after early-2012 rally

Investec manager reveals his stance following EMD rally at start of the year.

Peter Eerdmans heads the emerging markets debt team at Investec and has managed the group’s £2bn Emerging Markets Local Currency Debt fund since 2007. The fund has returned 50% over the three years to 3 March versus an IMA Global Bonds sector average of 26.3%, according to Morningstar. Here, Eerdmans explains his contrarian view on India, how he plays unconventional emerging market monetary policies, and how he is positioning after the sharp EMD rally seen since the start of the year. After a sharp correction towards the end of last year, emerging market debt made considerable gain...