From
Archive
03 March 2011
Peter Fitzgerald
portfolio manager, BNP Paribas Wealth Management
Based in: London UK
“When a fund manager tells you his asset class is expensive and he is struggling to find attractive investments, you should pay attention. We did. We sold our holdings in the First State Latin America Fund and invested into our existing European equity managers. While we agree with the long-term growth story of emerging markets, one must be careful of overpaying.”
