Solus caution on Asia

By Leo Bland The Solus Eastern Enterprise Oeic has over a quarter of its portfolio in cash in the belief that the recent volatility in Far Eastern stock markets is set to continue. The Far East ex Japan fund, which is managed by Lawrence Yip of Far East investment boutique ARN Investment Partners, has 26% in cash and is underweight in all of the Far Eastern markets apart from Hong Kong and China. The cash weighting is the second biggest holding in the fund, with the largest being the 35% invested in Hong Kong. Yip is looking to reduce the cash position to around 20% over the near term bu...