Investors searching for the top performing equity unit trust last year are being tempted by Rathbone...
Manager Patrick Evershed says the reason for the performance was trying to pick those companies that would do best from falling interest rates and strong consumer demand: retail, house building, small property companies and car distributers.
According to the latest fact sheet on the £30m fund, it is now likely to reduce its exposure to cyclical businesses in the car distribution and housing sectors and increase exposure to general insurance in anticipation of the rises in insurance premiums expected after events in September and subsequently.
The fund's only concern, a Rathbone spokesman says, is the growing number of consumers living above their means: controling over-reliance on credit requires raising interest rates, but that would damage fragile shoots of growth in the US and eurozone.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till