Comings and goings

The volatility of the European stock markets is causing fund managers to focus more on bottom-up stock picking methods rather than top-down strategies. However, the latest research by offshore fund research specialists Forsyth Partners shows most European funds are heavily weighted towards the UK, Germany and France. Calvin Vaudin, investment manager for the Ashburton European Fund, explains that weightings in these countries are not due to strategy, but because they form a large part of the benchmark index. He says: 'We do not look on a country to country basis, but rather on a sec...