Chatfeild-Roberts ups LatAm exposure across Merlin range

In February the manager sold down holdings in Findlay Park Latin American and reallocated capital to developed market funds as part of a more cautious stance across the Merlin range. This was driven by fears about macro headwinds such as unrest in the Middle East, reduced liquidity and increased market volatility. However, in March the team began adding to Latin America again with an average 3%-4% increase in the Findlay Park fund across all the Merlin portfolios, with the exception of the Income fund. Peter Lawery, a manager on the Merlin portfolios, said the team is poised to increa...