Fund manager interview series

Emerging market debt can be key income source

Portfolio manager Stuart Ritson of Aviva Investors says that while emerging market debt may be viewed as "risky" to the uninitiated, one has to remember that it is a diverse asset class with economies at different stages of development. He expects em
Portfolio manager Stuart Ritson of Aviva Investors says that while emerging market debt may be viewed as "risky" to the uninitiated, one has to remember that it is a diverse asset class with economies at different stages of development. He expects emerging market debt to play an increasingly vital role for Asian investors in a low-yield world.PHOTO: AVIVA INVESTORS

It can also offer potential capital gains in a low-growth, low-inflation environment

Portfolio manager Stuart Ritson thinks the outlook for this year will be more challenging as the global economy slows and central banks have little wiggle room to cut interest rates further.

Singapore-based Mr Ritson is a co-manager of Aviva Investors' Emerging Markets Local Currency Bond Fund.

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A version of this article appeared in the print edition of The Sunday Times on January 12, 2020, with the headline 'Emerging market debt can be key income source'. Print Edition | Subscribe