Scottish Widows enters emerging markets

Friday, 04 September 2009 12:00

Scottish Widows Investment Partnership (Swip) has launched three new funds which invest in the developing economies of emerging market countries.

Fund managers at the firm are citing predicted growth in infrastructure in the regions, as well as the rapid expansion of the middle classes, as reason why investors might find these funds attractive.

The Swip Sicav Emerging Markets Infrastructure fund invests in companies which are set to benefit from these nations’ rising spending in infrastructure.

And the Swip Sicav Emerging Markets Smaller Companies fund invests in fast-growing domestic economies.

Meanwhile Swip believes its new Sicav Latin American fund will benefit from low debt and a robust financial sector in the regions, particularly Brazil.

Kim Catechis, head of global emerging markets at SWIP, said the long term prospects for emerging markets was strong.

He added: “We continue to find attractive investment opportunities in emerging market equities. Market volatility has continued to revert towards the long term mean for these markets and this is an environment which particularly rewards Swip’s style.”

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