JPMorgan's Huysinga backs stock picking approach

Equity managers risk missing some of the best-performing stocks by steering too close to their benchm...

The company's Overseas Investment Trust manager says he prefers to concentrate on individual companies rather than taking top-down views.

The trust is a global equities portfolio, which ranks sixth over three years and seventh over one year out of 31 trusts to 8 June, in the AIC Global Growth sector, with -0.1% and -9.9% performance, respectively.

Huysinga says: "I prefer a bottom-up stock selection approach and taking sector or market views limits the potential to do this."

He adds he is beginning to rebuild his pharmaceuticals exposure, which he cut back earlier in the year and is also buying emerging market stocks, particularly China.