Skelt favours Far East for portfolio

Believing Japan is attractively priced and offers limited downside, Richard Skelt, fund manager of Fidelity Wealthbuilder, has upped his weightings to the region. In looking at the asset allocation of the fettered fund of funds product, Skelt said he is favouring the Pacific Basin and Japan for the portfolio's international exposure. While maintaining the fund with its 80% core holdings in the main geographical areas he has adjusted the portfolio at the edges to reflect his belief that the US, Europe and UK markets are likely to disappoint in favour of the Far East. This has less to do ...