BlackRock increases EM exposure to 25%

BlackRock's Andrew Williamson-Jones has turned over 25% of his Global Equity fund in the past four months to almost double the portfolio's emerging market exposure.

Williamson-Jones, who runs the portfolio alongside Richard Turnill, has taken the fund’s emerging markets weighting from 14% to around 25%. The manager says the portfolio shift has boosted performance, with the £191m fund top decile over the three months to 18 October, up 11.9% against an average 6.9% return from the IMA Global Growth sector, according to Morningstar. “We very much believe in the emerging markets growth story and decoupling, as compared to the Western world of Europe and US there is a huge difference in growth rates,” Williamson-Jones said. “We are underweight the ...