Cautious Europe stance

By Kira Nickerson Credit Suisse European has widened its exposure to mid caps, following its change of manager three months ago. Raj Shant took over the fund this summer following the departure of Patricia Maxwell-Arnot. While much of the portfolio has been left unchanged, Shant has increased the number of holdings from 40 to 47 and said he may look to add more to the fund. He said: "In march when the technology, media and telecoms bubble burst we were heavily underweight that sector and we were overweight cyclicals when they started to bounce back. I am more cautious on Europe now and ...