Edinburgh sells out of Fidelity SE Asia

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Edinburgh Portfolio has rebalanced its £11m Asia fund of funds, selling a number of holdings, includ...

Edinburgh Portfolio has rebalanced its £11m Asia fund of funds, selling a number of holdings, including KC Lee's Fidelity South East Asia fund. Mark Harris, head of investment management at the group, said the portfolio holds just seven funds and has 1.8% in cash. He said: 'KC Lee is an experienced fund manager with very conservative valuation disciplines, focused on the production of positive cashflow. As a result, he had a high cash weighting, 25%, and a large exposure to quality blue chip names in the region. 'This was one of the few funds to offer a value bias and defensive attri...

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