After selling all its holdings in frontier markets in 2014, Seven Investment Management (7IM) has ventured back into the asset class amid changing US politics.
The group's multi-manager funds completely sold out of the region in November 2014, on concerns the region's had high correlation to the oil price. However, now 7IM is taking advantage of opportunities from what it calls the "Nixonian" style domestic affairs taking place within the Trump administration. Tony Lawrence, investment manager, said the firm is looking to gain exposure to uncorrelated, high growth economies under Trump's radar and have less exposure to potential US protectionism. Prusik CIO: Asian frontiers offer 'classic' opportunities He added: "Valuations appear mor...
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