Latest UK & International Investment and Savings News

Amundi Asset Management may start increasing exposure to Egypt’s sovereign external bonds despite ongoing political turmoil as the probability of default is extremely low, the funds head of emerging debt said.

Brazil, Russia, China and India have all been well lauded as the emerging market for investors but there are others around that investors willing to look at the future might want to consider. According to Andy Parsons, advice team manager at The Share Centre, the next level includes markets in Africa and the Far East.

Frontier markets including Nigeria, Tunisia, Kazakhstan and Mongolia have the potential to deliver annual growth of 11%, according to asset managers.

Having demonstrated resilience during the global financial crisis, Africa’s emerging market countries have good prospects for 2011, according to the International Monetary Fund.Its report, Regional Economic Outlook for sub-Saharan Africa, says that direct foreign investment, particularly from new trading partners in Asia, is expected to strengthen the demand for African bonds.

Investors are still keenest on Asia and emerging markets, but the UK and North America have gained favour over the past year, according to a new survey.