The £10.1m Newton Pan-European Fund is building up a bias towards cyclicals and is favouring the Ger...
The £10.1m Newton Pan-European Fund is building up a bias towards cyclicals and is favouring the German market. The unit trust, managed by Joanna Bowen, was launched seven months ago and has risen to the number one spot place over three months in its peer group of 12 funds. Bowen said the allocation toward cyclical stocks had increased on the back of improved expectations for global economic growth. She said: "The fund has invested in undervalued stocks that are exposed to an uptick in the global economy. As a result the portfolio is overweight in basic industries, general industrials a...
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