There has been a great deal of focus on Aviva and in particular the emerging markets part of the business. They have employed a number of new staff, mainly from Standard Life, but also other specialist emerging market managers. Due to this the emerging market debt time have started to promote their funds. They have three funds; hard currency, local currency and corporate.
The update primarily focused on the reasons for emerging market. They started by explaining that the average debt to GDP ratio for 2018 was 99%. Of the 73 emerging market countries just one is at this level. The countries therefore have considerably less debt than developed economies….read more