Sector asset allocation is key

By Robert Stock Threadneedle is looking at the possibility of launching a stable of themed funds as interest grows in sector investing. Sarah Arkle, head of equities and managed funds at Threadneedle, showed IFAs gathered at Threadneedle's annual investment conference at Brocket Hall evidence of the growing importance of sector as opposed to regional asset allocation. It showed that IT hardware, pharmaceuticals and banks now have a greater share of global market capitalisation than the UK, which is only just slightly larger than the global telecommunications and software sectors. The U...