Marcus Brookes, head of multi-manager at Schroders, is waiting for next year to begin investing in emerging market equities, while he has been selling down European equity exposure on concerns over political headwinds in the region.
The manager (pictured), who has been overweight Europe for some time, has started reducing his exposure on fears the political backdrop in the eurozone could eventually lead to the breakup of the euro. With Italian Prime Minister Matteo Renzi planning to resign after suffering a heavy defeat in the referendum on constitutional reform on 4 December, and elections coming up in France, Germany, and the Netherlands, the populist movement in Europe is gathering pace. Instead, Brookes is looking to move into emerging market equities in the coming year, as he believes the current e...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
