Guy de Blonay, manager of the Jupiter Financial Opportunities Fund, may be the envy of many fund managers invested in emerging markets. In 2012, his fund was 25% invested there, but de Blonay got out as soon as the US Federal Reserve hinted it might taper' its bond-buying scheme. "So far we've timed the correction in emerging markets well," he told Investors Chronicle.
Following this rout, he is now thinking about snapping up some bargains, but the timing is crucial. "The challenge is to time the return," he says. "We still have a bit of Japan and China but nothing in India, Brazil, Russia or Southern Pacific Asia. We're looking for a good entry point."
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| Axa | 2.89% |
| LSE Group | 2.82% |
| UBS | 2.81% |
| ING | 2.72% |
| Morgan Stanley | 2.65% |
| Prudential | 2.49% |
| Discover Financial Services | 2.24% |
| Schroders | 2.06% |
| Lloyds Banking Group | 2.03% |
| Sumitomo Mitsui Financial | 2.01% |
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High earners underestimate how much they need to retire comfortablyHigh net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
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Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorceFamily lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases
