IMS is keeping a close eye on Japan and technology stocks this year, which it has tipped as growth areas that could help fuel healthy gains in its multi-manager portfolios.
Paul Kim, who with Richard Timberlake, runs four retail funds, admitted his optimism had been buoyed following rises in the Nikkei at the end of January. He said: “We have seen a few good days in Tokyo – it has not all been ‘up’ recently but there is generally some improvement. “Also technology stocks, particularly in the US, are showing some kind of pick up.” The fund, which returned 4.7pc in 2006 according to IMS figures, is currently overweight Japan. Kim and Timberlake have also built up their exposure to larger cap growth in America. Now, Kim said, it was a case of ‘wait and...
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