Mott ups stake in financials

Mott says this end of the market offers “outstandingly good value”, and just weeks after upping the fund’s weighting in banks to 22%, he has increased it further to 25%. It takes the fund’s total level in financials to 35%. Amid the volatility, Mott says he can’t remember ever being so active over a four-week period. He says his belief in emerging markets and long-term global growth meant the fund performed well in the period. “We maintained our discipline and set some fixed ‘buying price targets’ for some of our favoured mid-cap stocks which articulated this theme,” he says. “This resu...