Fund management: BAM blows the trumpet for New Europe

“A good opportunity for discriminating investors” Tim Scholefield, BAM

BAM, which manages more than £2.4 billion-worth ($4.8 billion) of equities in emerging Europe, says that although there is more pain to come in the US, strong macroeconomic and microeconomic fundamentals in central and eastern Europe are supportive of stock valuations in the face of global market bearishness. Tim Scholefield, head of equities at BAM, says: “Investor confidence can be slow to develop and yet quick to evaporate.