Group's resources fund will have the ability to be 100% invested in cash if managers choose
Martin Currie is to launch a resources fund with the managers able to put up to 100% of the portfolio in cash. The fund, to be run by Wendy Anderson and Chris Butler, would have a 60% weighting to equities if it were to launch immediately, according to Anderson. The portfolio will not be able to hold bonds and its aim is to outperform the MSCI Resources index. Anderson and Butler, who intend to run between 25 and 40 holdings, do not plan to let the benchmark weighting of stocks in the index influence their portfolio construction. An example of this, Anderson said, is Exxon Mobil, which ...
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