by Jake Moeller.
In this #FundManagerChat podcast, Andrew Dalrymple, fund manager of the Aubrey Global Emerging Markets Opportunities Fund at Aubrey Capital Management discusses why investors should keep their nerve in light of recent volatility in emerging market (EM) equities.
In a fund that invests mainly in consumer facing stocks, Andrew outlines his preferred regions, discusses his views on relative valuations and shares his views on some of the “big-picture” macro events which are continuing to shape EM markets.
|00:20||What do you make of the fortunes of EM in 2018?|
|01:25||With the structural changes in EM market composition, why hasn’t volatility decreased?|
|02:35||How has recent volatility presented you with opportunities?|
|03:35||What are you doing at Aubrey Capital Management that is different to other EM equities managers?|
|04:35||Discuss your views on current macro-issues that are influencing EM equities|
|05:50||What is your view on current levels of EM equity valuations?|
|06:55||What are your regional exposures?|
|07:30||Does your fund have different performance characteristics to other EM equities funds?|
|08:25||What should EM investors consider heading into 2019. What shouldn’t they be distracted by?|
Andrew is chatting with Jake Moeller, Head of Lipper UK and Ireland Research, in London on December 3, 2018.
Andrew joined Stewart Ivory in 1998 and in 1999 he established the Global Opportunities Fund, now the First State Global Opportunities Fund, which remained his signature fund throughout his tenure at First State Investments.
A graduate of Cambridge University, he began his career at Cazenove & Co then joined James Capel in 1987 and was transferred to James Capel (Far East) in Hong Kong in 1991.
He continued in his role as an Asian specialist working form UBS Warburg from 1992-1998 in Hong Kong.
Andrew is also a Director and owns 37.6% of Aubrey Capital Management.
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This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.
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