Dresdner trust looking to knock-on for beneficiaries

The Dresdner RCM North American Trust is skewed toward health, telecoms and technology, emphasising biotech and "internet enablers" within these sectors. Some 66% of the £99m portfolio is invested in these three parts of the market. This consists of 37% in technology and 7% in pure telecom companies, which together represent slightly overweight positions, and 16% in healthcare, which is heavily overweight against the S&P 500 benchmark. Seth Reicher, manager of the unit trust, said when investing the portfolio he looks for beneficiaries of particular sector trends, and cited the example ...