Emerging-Market Money Manager Beats 99% of Peers by Ignoring Fed
- Fiera Capital fund returns 29% by focusing on reform markets
- Vietnam, Greece, Saudi Arabia top picks, Bokor-Ingram says
Dominic Bokor-Ingram
Source: Fiera Capital
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An emerging-market money manager who is outperforming 99% of his peers says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations.
Montreal-based Fiera Capital Corp. has handed holders of its EM Select Fund a 29% return in the past 12 months, beating all but 12 of the 4,383 funds in its group, according to data compiled by Bloomberg. Dominic Bokor-Ingram, who co-manages the fund with Stefan Bottcher, said the gains are coming from buying shares in under-owned markets such as Greece, Saudi Arabia and Vietnam, where policy changes are driving makeovers independent of global monetary conditions.