bob morris' belief in a medium-term economic recovery leads him to take an aggressive position with his HSBC fund
Tim Russell and Bob Morris are both cautiously optimistic of market recovery on a 12-month view but are taking divergent sector positions in the short-term. Morris' HSBC UK Growth & Income fund is currently more aggressively positioned than his former colleague's Cazenove UK Growth & Income counterpart. This reflects Morris' stronger belief in an economic recovery in the medium-term and desire to position the fund accordingly. Russell, in contrast, is also cautiously optimistic on a 12-month view, but took profits from the earlier cyclical rally and moved to a more defensive stance ahea...
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