Avon Shares a Strong Play on Emerging Markets, Tim Evnin Tells Barron's

April 19, 2010

Avon remains a strong play on emerging and other international markets, despite a recent decline, Tim Evnin, partner and portfolio manager told Barron's.

The selloff, which was prompted by news related to an ongoing internal investigation into bribery charges and took shares down eight percent in a week, was overdone, Evnin said. Avon is a great way to play markets, that could serve as "a strong accelerator of growth."

Assuming the company's China troubles are confined to China, Evnin considers Avon a long-term holding.