Fund managers cut Middle East exposure ahead of frontier index shake-up
HSBC Global Asset Management and Lloyd George Management have soft-closed their popular frontier markets strategies as the asset class sees a surge in inflows, Investment Week can reveal.
Active managers investing in passive funds can add value by being selective in the benchmarks their trackers use, HSBC's global head of indexation and exchange-traded funds has argued.
Jeremy Thomas, manager of the Brunner investment trust, says history tells us the EM crisis is far from over, but managers should not stop searching for low entry points.