Stephen Kelly, manager of the Framlington International Portfolios American Growth fund, has impresse...
Stephen Kelly, manager of the Framlington International Portfolios American Growth fund, has impressed Forsyth Partners with his investment style. It is the flexibility within the management process that is impressive, and the staunch refusal to be typecast as a growth or value investor. In 1999, for example, the fund was successfully managed through some volatile market movements, including a huge growth-to-value switch and a move through the capitalisation scale. Kelly sees clear evidence of a slowdown in the US economy from both the consumer and corporations. He argues that the Fed looks...
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