Barmac Asset Management has launched a defensive equity portfolio that invests in exchange-traded funds, investments trusts, Sicavs and Oeics. The Castleton Growth fund is the group's first investment vehicle since it became an investment manager in November 2002 and reflects the house view that we are currently in the midst of an ongoing bear market. "This fund's methodology comes off the back of our belief that most bear markets last for some 10 years or so, with this one starting in 2000," said Andrew Bartles, a director at Barmac. "Our analysis is that, like all markets, bear markets d...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes