McGrath hedges his bets against slowdown in UK and US markets

With the UK and the US economies heading for a slowdown, the CF Miton Special Situations fund is favouring cash, Europe and Asia. The product, co-managed by Tom McGrath and Martin Gray of MitonOptimal Asset Management, has achieved strong results with a 19% return over the past 12 months. McGrath believes the secret to this success is using a top-down approach and then choosing quality funds. When looking at regions, McGrath continues to err on the side of caution when it comes to the UK and the US. He explains: "In these markets higher interest rates in the UK (4.75%) and the US (5.25...