Global growth trusts buy the US via Pacific ex Japan

Global growth generalist investment trusts are playing the US through the Pacific (ex Japan) region rather than through the US itself, as the economies in this region are well placed to be major beneficiaries of an expected US recovery. James Robinson, fund manager of the Witan investment trust, says that rather than buy into US stocks themselves, he is finding good opportunities to buy into companies that export into the US. He says: 'The return on equities in the Far East (ex Japan) is increasing, as are the profits. This is not the case in the US, so we are preferring to play th...