Stewart Ivory overweight Asia, Japan and Europe

Stewart Ivory has positioned its pension funds toward Asia, Japan and Europe and is underweight in the UK and US. Stewart Ivory manages 11 segregated portfolios in the UK, totalling £243m and 15 international portfolios, totalling £705m. Teddy Tulloch, investment policy director, at Stewart Ivory, said these portfolios are overweight in both Europe and Asia to capitalise on the theme of economic recovery. He added that although the Europe has already recovered strongly, he is confident that steady, albeit slower growth will continue, particularly in smaller economies. He said: "In Japan ...