russia-brazil-still-good-bets-says-abn

Russia, Brazil still good bets says ABN

Despite inflation fears, emerging markets still offer compelling value, says ABN AMRO Asset Management.

By Alastair Reed

June 29, 2006

ABN Amro Asset Management remains confident in the outlook for its recently launched single country funds in Brazil and Russia, despite the US Federal Reserve raising interest rates for a 17th straight time in a bid to ward off inflation.

Fears of a slowing US economic growth have hit emerging markets in recent weeks, with early estimates suggesting more than $14.5 billion has left the asset class since April.

However Claudia Barrulas, vice president and product specialist in emerging markets at AMN AMRO Asset Management, says she remains confident that now is the right time for the two new fund launches, pointing out that the fundamentals of both Brazil and Russia remain good.

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