Hot100 Profile: Threadneedle's Cormac Weldon

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Cormac Weldon, manager of the Threadneedle American Select fund, tells Cherry Reynard how he has navigated the recent volatility in the US

The US markets have provided a dizzying ride over the past three weeks, but Cormac Weldon’s near decade at the helm of the Threadneedle American Select fund has taught him to be sanguine in the face of this type of volatility. As a result, the fund has seen few changes during the rout, despite Weldon admitting that he was more optimistic than the wider market at the start of the year. He says: “Our thoughts were that companies had started to increase capital expenditure significantly in the second half of last year. “Corporate balance sheets were in such good health and we assumed tha...

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