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Charlie Wilson, co-manager of the Thornburg Developing World Fund, describes the investment shifts his portfolio has made of late, and market pessimism.
Charlie Wilson B. G., Opalesque Geneva:
Charlie Wilson, portfolio manager at Thornburg Investment Management, is optimistic about emerging markets. He co-manages the Thornburg Developing World Fund, which invests at least 80% of its assets in equity securities and debt obligations of developing country issuers. He shares his rationale here.
Opalesque: How are emerging markets navigating the current environment?
Charlie Wilson: Our view on how emerging markets (EM) are navigating the current environment has remained largely the same since last year. Some countries have effectively steered through the Covid-19 pandemic period and have been able to suppress the virus and return to normal. Proof of that is reflected in stock prices and valuations, especially in China, South Korea, and Taiwan.