Investec introduces new 130/30 style global fund

The Global Extension fund is managed by James Hand, head of Investec’s 4Factor Research team, and will operate in a similar way to 130/30 style portfolios, using derivatives to take either a negative or positive view on markets. The fund, which launched on July 2, is aiming to achieve a return of between 3-5pc above the MSCI World index, and while it typically will have full net exposure of 100pc it can go up to 50pc short of the market if the conditions where right for such a call. Stocks will be selected for the portfolio using the 4Factor team’s screening process which works by assessi...