Aviva Investors strengthens EM equities team
Aviva Investors has appointed Bryony Deuchars (pictured) as a fund manager in its Emerging Market equities team.
Based in London, Deuchars reports to Will Ballard, head of Emerging Market and Asia Pacific Equities.
She will be primarily focused on idea generation and portfolio management for the Aviva Investors Emerging Markets Equity Income and Emerging Markets Equity Small Cap funds, run by Will Ballard.
Deuchars, who has 16 years’ investment management experience, joins from Schroders, where she was a senior equity analyst, covering emerging markets.
Formerly, she was an equity analyst with WestAM.
Ballard said emerging markets have been the stand out performer among equity markets year to date.
“With regards to the impact of Brexit, increased political uncertainty has had the quixotic effect of aiding a recovery in emerging markets in the short term. Developed market central bankers will invariably ensure monetary policy is accommodative and keep interest rates lower for longer.
“This provides many emerging countries with the opportunity to lower domestic interest rates and stimulate growth without having to worry excessively over currency weakness or capital flight. The combination of easing monetary policy in emerging markets, with their exceptional discount to developed markets, (and being cheap on absolute measures) makes them a highly attractive investment opportunity,” Ballard commented
Despite concerns over China’s long term prospects, Ballard’s team remains optimistic that investors should make good returns by investing in emerging markets.
“We favour countries that will benefit most from easing monetary conditions and a recovery in domestic growth, for example, we have been increasing our exposure to Indonesia. We remain concerned about countries where we believe there are long term structural concerns such as China,” he added.