Mark Bennett, fund manager on Standard Life's Balanced Managed pension fund, has been increasing h...
Mark Bennett, fund manager on Standard Life's Balanced Managed pension fund, has been increasing his exposure to the US on the back of evidence the economy is heading for a soft landing. He said: "Three to four months ago we moved from a light to a neutral position and now we have gone heavy in the US. There are several signs increasing our confidence that there will be a slowdown from profit warnings in the pharmaceuticals industry to Proctor & Gamble raising shampoo prices." Bennett added that he was also supporting US assets to get exposure to the dollar despite the twin deficits of ...
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