Dresdner increases Oriental exposure

Dresdner RCM has been increasing the equity exposure in its Oriental Asset unit trust to some 90%. Last week the group changed the name of the unit trust from Oriental Income as a way of flagging for potential investors the growth element in the portfolio investment strategy. The £6.3m fund is managed by Stuart Winchester. He said: "The current environment is favourable for capital growth. The region is in the early stages of a interest rate cycle and an earnings cycle. "The risk element in the market is external, in other words the US market. Some 90% of the portfolio is exposed to equ...