Currington taking profits

Professional Adviser
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£385m HSBC European Growth fund has moved back to the top of the europe ex-uk sector

Manager of the HSBC European Growth fund Jeff Currington has toned down the aggressive portfolio he took over in May, taking profits in high-beta areas such as insurance and technology. Over three months to 28 July, the £385m fund has moved to the top of the Europe ex-UK sector, after a difficult period under interim manager Andrew Koch following Chris Rice's departure to Cazenove last September. Currington said this recent outperformance is not entirely down to him, however, as the aggressive portfolio he inherited from Koch was well positioned to benefit from the recovering market in...

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