Mike Deverell is investment manager at Equilibrium Asset Management in Cheshire. He tells Laura Dew about his favourite fund of the year, and why he is keeping a close eye on his property exposure.
Did you adjust your allocations in response to last month’s market volatility? We try to view market volatility as an opportunity rather than an issue. We were underweight equities and were holding tactical cash to invest into equities when the time was right. When the FTSE 100 fell to 6,500, we sold some of our exposure to Invesco Global Total Return and Old Mutual Global Equity Absolute Return, then when markets reached 6,200 we [made a tactical move] into FTSE trackers. Which one fund has done particularly well for you this year? The Miton UK Value Opportunities fund is a sm...
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