Dresdner RCM has been increasing the equity exposure in its Oriental Asset unit trust to some 90%...
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 equities and 10% in bonds. Last October the weighting was 55% in equities and some 45% in bonds."
His management style has two aspects - a value bias as well as a concentration on theme investment.
The fund is one of the top performers in the Micropal Far East including Japan peer group. Over three years it was ranked two out of 24 and rose by 29.8% compared with an average fall in the Far East including Japan sector of 5.8%. Over one year it was ranked two out of 24 and rose by 99.5% compared with an average rise of 57.9%.
Over three months it was ranked one out of 24 and rose by 57.2% compared with an average rise of 29.8%.
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